Natixis Advisors LLC Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Natixis Advisors LLC has increased its holdings in Norwegian Cruise Line (NCLH) by 8.7% during the first quarter, now owning approximately 179,139 shares valued at about $3.40 million.
• Several institutional investors have also increased their positions, with Federated Hermes Inc. raising its stake by 75.9% to over 1.4 million shares, making up 69.58% of NCLH being owned by institutional investors.
• Wall Street analysts have mixed ratings for NCLH, with a consensus rating of "Moderate Buy" and an average price target of $27.20, despite various fluctuations in price targets among different firms.

Natixis Advisors LLC increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,139 shares of the company's stock after purchasing an additional 14,308 shares during the quarter. Natixis Advisors LLC's holdings in Norwegian Cruise Line were worth $3,396,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of Norwegian Cruise Line by 11.2% during 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 in the last quarter. Two Sigma Advisers LP raised its holdings 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 worth $197,843,000 after buying an additional 3,824,600 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Norwegian Cruise Line by 16.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock worth $115,570,000 after buying an additional 642,380 shares during the period. Northern Trust Corp grew its holdings in shares of Norwegian Cruise Line by 20.4% during the fourth quarter. Northern Trust Corp now owns 4,163,394 shares of the company's stock valued at $107,124,000 after buying an additional 705,166 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of Norwegian Cruise Line by 3,403.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after buying an additional 3,278,249 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of research analyst reports. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Barclays increased their price objective on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial decreased 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, May 19th. The Goldman Sachs Group cut their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.20.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded down $0.34 during mid-day trading on Thursday, hitting $24.48. 15,420,317 shares of the stock were exchanged, compared to its average volume of 15,395,450. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. The company has a market cap of $11.06 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.13 and a beta of 2.24. The firm has a fifty day moving average of $21.35 and a 200 day moving average of $20.92.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

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.