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

Key Points

• Mackenzie Financial Corp reduced its holdings in Norwegian Cruise Line by 66.3% in the first quarter, now owning 107,147 shares valued at approximately $2.03 million.
• Analysts have boosted their price targets for Norwegian Cruise Line, with Bank of America raising it from $20.00 to $27.00, and Barclays increasing theirs from $25.00 to $31.00, reflecting a "neutral" and "overweight" rating respectively.
• Norwegian Cruise Line reported earnings of $0.51 per share for the last quarter, slightly missing estimates, with revenues of $2.52 billion, reflecting a year-over-year increase of 6.1%.

Mackenzie Financial Corp lowered its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 66.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 107,147 shares of the company's stock after selling 211,253 shares during the period. Mackenzie Financial Corp's holdings in Norwegian Cruise Line were worth $2,032,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NCLH. Versant Capital Management Inc lifted its holdings in shares of 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 acquiring an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $40,000. Bogart Wealth LLC lifted its holdings in shares of 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 acquiring an additional 2,024 shares during the last quarter. LRI Investments LLC bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $47,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of 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 acquiring an additional 2,621 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 1.3%

NCLH stock traded down $0.32 during midday trading on Tuesday, reaching $25.02. 11,231,897 shares of the company's stock traded hands, compared to its average volume of 15,608,706. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.18 and a beta of 2.24. The firm's fifty day moving average price is $20.93 and its 200-day moving average price is $20.89. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Stifel Nicolaus boosted their target price on Norwegian Cruise Line from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday. Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 target price for the company. Barclays boosted their target price on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Loop Capital dropped their target price 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. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.20.

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.