Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 515.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,808 shares of the company's stock after purchasing an additional 52,607 shares during the quarter. International Assets Investment Management LLC's holdings in Norwegian Cruise Line were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares during the period. Venturi Wealth Management LLC grew its stake in Norwegian Cruise Line by 238.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after acquiring an additional 880 shares during the period. Versant Capital Management Inc increased its holdings in Norwegian Cruise Line by 147.7% in the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in Norwegian Cruise Line during the fourth quarter worth $40,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 2.4%

Shares of NCLH stock traded up $0.45 on Thursday, hitting $19.47. The stock had a trading volume of 14,330,294 shares, compared to its average volume of 12,810,345. The company's 50 day moving average price is $18.00 and its 200-day moving average price is $21.60. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market capitalization of $8.70 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.33 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NCLH. Wall Street Zen downgraded shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Susquehanna reduced their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group began coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 target price on the stock. Stifel Nicolaus reduced their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.