Invesco Ltd. Grows Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Invesco Ltd. raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 22.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,477,606 shares of the company's stock after purchasing an additional 2,122,501 shares during the period. Invesco Ltd. owned 2.57% of Norwegian Cruise Line worth $217,615,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. United Capital Financial Advisors LLC increased its position in shares of Norwegian Cruise Line by 3.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after acquiring an additional 498 shares during the period. Burns Matteson Capital Management LLC boosted its holdings in Norwegian Cruise Line by 4.0% in the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after purchasing an additional 677 shares during the last quarter. Allworth Financial LP boosted its holdings in Norwegian Cruise Line by 19.1% in the first quarter. Allworth Financial LP now owns 4,690 shares of the company's stock valued at $89,000 after purchasing an additional 753 shares during the last quarter. CWM LLC boosted its holdings in Norwegian Cruise Line by 4.0% in the first quarter. CWM LLC now owns 22,650 shares of the company's stock valued at $429,000 after purchasing an additional 865 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Norwegian Cruise Line by 7.6% in the first quarter. Commerce Bank now owns 12,633 shares of the company's stock valued at $240,000 after purchasing an additional 890 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded up $0.38 during midday trading on Monday, reaching $24.68. The company had a trading volume of 6,521,504 shares, compared to its average volume of 14,110,157. The company has a market capitalization of $11.15 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.11 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The firm's fifty day simple moving average is $22.04 and its 200-day simple moving average is $20.71. 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 (NYSE:NCLH - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. As a group, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NCLH shares. Wall Street Zen raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Jefferies Financial Group upped their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 7th. Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Finally, Citigroup increased their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.20.

Norwegian Cruise Line 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.