New Wave Wealth Advisors LLC Buys 18,044 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

New Wave Wealth Advisors LLC increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 5,467.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,374 shares of the company's stock after purchasing an additional 18,044 shares during the quarter. New Wave Wealth Advisors LLC's holdings in Norwegian Cruise Line were worth $348,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. bought a new position in Norwegian Cruise Line in the 4th quarter worth $654,000. Jupiter Asset Management Ltd. raised its holdings in 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 purchasing an additional 1,702,748 shares during the period. Granahan Investment Management LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth $7,634,000. Charles Schwab Investment Management Inc. increased its stake in Norwegian Cruise Line by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after buying an additional 47,507 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Norwegian Cruise Line by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after buying an additional 277,360 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Up 3.9%

Shares of NYSE:NCLH opened at $20.21 on Monday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The business has a 50 day simple moving average of $18.14 and a two-hundred day simple moving average of $21.44. The firm has a market capitalization of $9.03 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.35 and a beta of 2.12. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. 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 report on Tuesday, May 6th. Truist Financial cut their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Bank of America cut their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Northcoast Research assumed coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.16.

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.

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