Hodges Capital Management Inc. Sells 518,920 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Hodges Capital Management Inc. significantly reduced its stake in Norwegian Cruise Line Holdings Ltd. by 50.7%, selling 518,920 shares during the first quarter and owning 504,942 shares worth approximately $9.57 million after the transaction.
• Norwegian Cruise Line has experienced a year-over-year revenue increase of 6.1%, with reported earnings per share of $0.51 for the quarter, slightly missing analyst expectations.
• Several analysts have issued reports advising on Norwegian Cruise Line, with price targets ranging from $25.00 to $30.00 and a consensus rating of "Moderate Buy."

Hodges Capital Management Inc. cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 50.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,942 shares of the company's stock after selling 518,920 shares during the quarter. Hodges Capital Management Inc. owned 0.11% of Norwegian Cruise Line worth $9,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at approximately $895,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Norwegian Cruise Line by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,536,708 shares of the company's stock worth $29,136,000 after buying an additional 92,772 shares during the period. Optimize Financial Inc boosted its position in Norwegian Cruise Line by 13.1% during the 1st quarter. Optimize Financial Inc now owns 33,890 shares of the company's stock worth $643,000 after buying an additional 3,937 shares during the period. Woodline Partners LP boosted its position in Norwegian Cruise Line by 40.7% during the 1st quarter. Woodline Partners LP now owns 37,149 shares of the company's stock worth $704,000 after buying an additional 10,743 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $301,000. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on NCLH shares. Tigress Financial lifted their target price on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, August 27th. UBS Group lifted their target price on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Barclays lifted their target price on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Bank of America lifted their target price on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.60.

Norwegian Cruise Line Stock Down 1.0%

Shares of Norwegian Cruise Line stock traded down $0.26 during trading on Friday, reaching $26.68. 14,843,380 shares of the company traded hands, compared to its average volume of 15,993,421. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a 50 day moving average price of $24.25 and a 200-day moving average price of $20.52. The firm has a market capitalization of $12.06 billion, a PE ratio of 18.40, a P/E/G ratio of 1.20 and a beta of 2.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $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 expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

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.