Man Group plc Buys 373,284 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Man Group plc boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 156.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,228 shares of the company's stock after acquiring an additional 373,284 shares during the quarter. Man Group plc owned 0.14% of Norwegian Cruise Line worth $15,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $27,000. Rakuten Securities Inc. grew its stake in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Down 1.1%

Shares of NCLH traded down $0.19 on Friday, reaching $17.26. The stock had a trading volume of 2,726,723 shares, compared to its average volume of 12,546,286. 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 Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The company has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $23.03.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company posted $0.16 EPS. Norwegian Cruise Line's revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the subject of several analyst reports. Truist Financial dropped their target price on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday. Barclays dropped their price objective on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Susquehanna decreased their target price on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.63.

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.