NBC Securities Inc. grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 73,846.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,276 shares of the company's stock after acquiring an additional 33,231 shares during the quarter. NBC Securities Inc.'s holdings in Norwegian Cruise Line were worth $630,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $272,000. Cookson Peirce & Co. Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter worth $654,000. Jupiter Asset Management Ltd. lifted its stake in shares of Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after acquiring an additional 1,702,748 shares during the period. Granahan Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $7,634,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after acquiring an additional 47,507 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Norwegian Cruise Line Stock Up 1.2%
Shares of NYSE:NCLH traded up $0.24 during midday trading on Friday, reaching $19.59. The company had a trading volume of 14,724,159 shares, compared to its average volume of 12,588,299. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market capitalization of $8.75 billion, a P/E ratio of 17.97, a PEG ratio of 0.24 and a beta of 2.12. The stock's fifty day moving average price is $17.44 and its 200-day moving average price is $22.40.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on NCLH shares. The Goldman Sachs Group reduced their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Northcoast Research assumed coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price target on the stock. Jefferies Financial Group started coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 target price on the stock. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.16.
Read Our Latest Research Report on NCLH
Norwegian Cruise Line Company Profile
(
Free Report)
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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