Mitsubishi UFJ Asset Management Co. Ltd. Acquires 69,700 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Norwegian Cruise Line Holdings Ltd. by 18.2%, now owning 451,865 shares valued at $8.57 million after purchasing 69,700 shares in the first quarter.
• Norwegian Cruise Line posted earnings of $0.51 per share, missing estimates by $0.01, with revenue of $2.52 billion for the quarter, short of the anticipated $2.55 billion.
• Norwegian Cruise Line stock has a consensus rating of "Moderate Buy" with an average target price of $27.20 from analysts, following various price target adjustments.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 451,865 shares of the company's stock after purchasing an additional 69,700 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of Norwegian Cruise Line worth $8,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital International Investors grew its position in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Two Sigma Advisers LP grew its position in Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after acquiring an additional 3,824,600 shares during the last quarter. Voloridge Investment Management LLC grew its position in Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after acquiring an additional 3,278,249 shares during the last quarter. Candlestick Capital Management LP bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $44,650,000. Finally, Benchstone Capital Management LP bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $42,138,000. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Up 2.2%

NCLH stock traded up $0.54 during trading on Wednesday, hitting $24.78. The company had a trading volume of 12,501,371 shares, compared to its average volume of 15,124,770. The business has a 50-day moving average of $21.84 and a 200-day moving average of $20.86. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The stock has a market cap of $11.20 billion, a PE ratio of 17.09, a PEG ratio of 1.11 and a beta of 2.24. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05.

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

Analyst Ratings Changes

NCLH has been the topic of several research reports. Barclays lifted their price target on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group decreased their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. TD Cowen began coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price objective on the stock. Finally, Mizuho boosted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target 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.