Machina Capital S.A.S. Invests $440,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Machina Capital S.A.S. has made a new investment in Norwegian Cruise Line Holdings Ltd., purchasing 23,215 shares valued at approximately $440,000.
• Several institutional investors have increased their stakes in Norwegian Cruise Line, with a reported 69.58% of the stock now owned by such investors.
• Analysts have given Norwegian Cruise Line a consensus rating of "Moderate Buy", with an average price target of $25.75 despite mixed recent performance reports.

Machina Capital S.A.S. purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 23,215 shares of the company's stock, valued at approximately $440,000.

Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake 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 valued at $36,000 after buying an additional 1,121 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at $40,000. Bogart Wealth LLC boosted its stake in Norwegian Cruise Line by 1,012.0% in the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after buying an additional 2,024 shares in the last quarter. LRI Investments LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at $47,000. Finally, CENTRAL TRUST Co boosted its stake in Norwegian Cruise Line by 2,621.0% in the 1st quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock valued at $52,000 after buying an additional 2,621 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NCLH. Wall Street Zen upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Loop Capital cut their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus cut their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Northcoast Research started coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price objective for the company. Finally, Morgan Stanley dropped their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.75.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded up $0.34 during mid-day trading on Friday, hitting $23.84. 9,155,595 shares of the stock traded hands, compared to its average volume of 13,721,850. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a market cap of $10.65 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.98 and a beta of 2.13. The firm has a 50 day simple moving average of $20.14 and a two-hundred day simple moving average of $21.03.

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

Norwegian Cruise Line Company 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.