Norwegian Cruise Line Holdings Ltd. $NCLH Shares Purchased by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its stake in Norwegian Cruise Line Holdings by 4.4%, now owning over 1 million shares worth approximately $19 million.
• Norwegian Cruise Line's quarterly earnings missed analyst estimates, reporting $0.51 per share against expectations of $0.52, while revenue was slightly below expectations at $2.52 billion.
• Several analysts raised their price targets for Norwegian Cruise Line, with Stifel Nicolaus lifting theirs to $35.00, indicating a strong buy sentiment for the stock.

Royal Bank of Canada lifted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,006,710 shares of the company's stock after acquiring an additional 42,822 shares during the quarter. Royal Bank of Canada owned 0.23% of Norwegian Cruise Line worth $19,086,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NCLH. Benchstone Capital Management LP lifted its holdings in Norwegian Cruise Line by 22.2% during the 1st quarter. Benchstone Capital Management LP now owns 2,000,570 shares of the company's stock valued at $37,931,000 after buying an additional 362,861 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Norwegian Cruise Line by 1,647.6% during the 1st quarter. Baird Financial Group Inc. now owns 339,339 shares of the company's stock valued at $6,434,000 after buying an additional 319,922 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in Norwegian Cruise Line by 28.5% during the 1st quarter. Driehaus Capital Management LLC now owns 982,792 shares of the company's stock valued at $18,634,000 after buying an additional 218,056 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Norwegian Cruise Line by 1,665.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 656,800 shares of the company's stock valued at $12,453,000 after buying an additional 619,600 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Norwegian Cruise Line by 105.4% during the 1st quarter. State of Wyoming now owns 15,377 shares of the company's stock valued at $292,000 after buying an additional 7,892 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NCLH shares. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. Tigress Financial lifted their price objective on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the company a "strong-buy" rating in a report on Wednesday, August 27th. Barclays raised their target price on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Bank of America raised their target price on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.60.

Norwegian Cruise Line Stock Down 2.4%

Shares of Norwegian Cruise Line stock traded down $0.63 on Monday, reaching $26.02. The stock had a trading volume of 15,259,226 shares, compared to its average volume of 15,993,421. The company has a 50 day moving average price of $24.34 and a 200 day moving average price of $20.55. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The stock has a market capitalization of $11.76 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.20 and a beta of 2.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The firm's quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. As a group, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS 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.