Mirae Asset Global Investments Co. Ltd. Buys 120,623 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Mirae Asset Global Investments initiated a stake in Norwegian Cruise Line, buying 120,623 shares valued at approximately $1.77 million; institutional investors and hedge funds own 69.58% of the stock.
• Analyst sentiment is mixed but leans toward hold: 16 analysts rate NCLH Hold, seven Buy, one Strong Buy and one Sell. The consensus price target is $20.18.
• Norwegian reported quarterly EPS of $1.12, beating the $0.93 estimate, and revenue of $2.95 billion, also above expectations. Revenue was up 0.3% year over year.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 120,623 shares of the company's stock, valued at approximately $1,768,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NCLH. Versant Capital Management Inc grew its position in Norwegian Cruise Line by 278.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company's stock worth $28,000 after purchasing an additional 1,389 shares during the period. Reyes Financial Architecture Inc. acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $37,000. Summit Securities Group LLC lifted its holdings in shares of Norwegian Cruise Line by 291.3% in the 1st quarter. Summit Securities Group LLC now owns 2,649 shares of the company's stock valued at $50,000 after buying an additional 1,972 shares during the period. Root Financial Partners LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $41,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter worth about $68,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial dropped their target price on Norwegian Cruise Line from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Thursday, September 24th. Freedom Capital downgraded Norwegian Cruise Line from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Stifel Nicolaus lowered their price objective on Norwegian Cruise Line from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Citigroup raised their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, October 30th. Finally, Jefferies Financial Group raised their price objective on shares of Norwegian Cruise Line from $16.00 to $18.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.18.

Norwegian Cruise Line Trading Up 1.0%

NCLH stock opened at $17.95 on Friday. The company's 50-day simple moving average is $15.48 and its 200-day simple moving average is $18.64. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 4.43. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $13.63 and a 52-week high of $25.13. The firm has a market cap of $8.24 billion, a P/E ratio of 9.91, a PEG ratio of 0.94 and a beta of 1.99.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.19. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.88 billion. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. Norwegian Cruise Line's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.

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