National Bank of Canada FI Sells 26,070 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

National Bank of Canada FI lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225,073 shares of the company's stock after selling 26,070 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Norwegian Cruise Line worth $4,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCLH. Capital International Investors raised its position in shares of 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 purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. raised its position in shares of Norwegian Cruise Line by 1.2% in the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company's stock valued at $1,023,092,000 after purchasing an additional 653,279 shares during the period. Two Sigma Advisers LP raised its position in shares of 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 purchasing an additional 3,824,600 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Norwegian Cruise Line by 16.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock valued at $115,570,000 after purchasing an additional 642,380 shares during the period. Finally, Northern Trust Corp raised its position in shares of Norwegian Cruise Line by 20.4% in the fourth quarter. Northern Trust Corp now owns 4,163,394 shares of the company's stock valued at $107,124,000 after purchasing an additional 705,166 shares during the period. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $24.78 on Thursday. The firm has a market cap of $11.20 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.11 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The business's 50 day moving average price is $21.84 and its two-hundred day moving average price is $20.86. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18.

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 the consensus estimate 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 company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $0.40 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NCLH shares. Macquarie dropped their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Loop Capital dropped their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Citigroup boosted their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, TD Cowen assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.20.

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.

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