Morse Asset Management Inc Invests $1.44 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Morse Asset Management Inc bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,135 shares of the company's stock, valued at approximately $1,444,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Private Wealth Services LLC lifted its holdings in shares of Norwegian Cruise Line by 20.5% during the first quarter. Kestra Private Wealth Services LLC now owns 55,741 shares of the company's stock valued at $1,057,000 after purchasing an additional 9,479 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Norwegian Cruise Line by 8.5% during the first quarter. Private Advisor Group LLC now owns 26,192 shares of the company's stock valued at $497,000 after purchasing an additional 2,056 shares in the last quarter. Burns Matteson Capital Management LLC lifted its holdings in shares of Norwegian Cruise Line by 4.0% during the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after purchasing an additional 677 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Norwegian Cruise Line by 1.6% in the first quarter. Victory Capital Management Inc. now owns 1,328,308 shares of the company's stock valued at $25,185,000 after acquiring an additional 20,849 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in Norwegian Cruise Line by 23.8% in the first quarter. Wealthfront Advisers LLC now owns 17,208 shares of the company's stock worth $326,000 after purchasing an additional 3,308 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NCLH shares. The Goldman Sachs Group dropped their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Northcoast Research started coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 target price on the stock. Wall Street Zen raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday. Loop Capital decreased their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Morgan Stanley cut their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $25.42.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $23.60 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.41 and a beta of 2.13. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The stock's 50 day simple moving average is $19.70 and its two-hundred day simple moving average is $21.07. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter last year, the firm posted $0.16 EPS. Norwegian Cruise Line's revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

About Norwegian Cruise Line

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.