Mackenzie Financial Corp Boosts Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mackenzie Financial Corp boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 136.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,400 shares of the company's stock after purchasing an additional 183,970 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Norwegian Cruise Line worth $8,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after purchasing an additional 270,434 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NCLH has been the topic of several recent research reports. Macquarie reduced their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus cut their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup raised their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 28th. The Goldman Sachs Group cut their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley cut their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.63.

Norwegian Cruise Line Price Performance

Shares of NCLH traded up $0.07 during mid-day trading on Friday, reaching $17.67. The stock had a trading volume of 10,737,245 shares, compared to its average volume of 12,534,542. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The business has a fifty day moving average of $17.53 and a 200 day moving average of $22.63. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results 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). The company had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current 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.