Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 46.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 255,726 shares of the company's stock after acquiring an additional 81,691 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Norwegian Cruise Line worth $4,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jupiter Asset Management Ltd. grew its holdings in Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock valued at $55,800,000 after purchasing an additional 1,702,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 47,507 shares during the last quarter. Granahan Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at $7,634,000. Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after acquiring an additional 277,360 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at $1,645,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Trading Up 1.4%

Shares of Norwegian Cruise Line stock traded up $0.31 during trading hours on Wednesday, reaching $21.95. The stock had a trading volume of 10,680,495 shares, compared to its average volume of 12,931,539. The firm has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $21.24. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.37 and a beta of 2.13. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted 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). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the business posted $0.16 EPS. Norwegian Cruise Line's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NCLH. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective on the stock in a research report on Monday, March 17th. Citigroup upped their price objective on Norwegian Cruise Line from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Truist Financial reduced their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Barclays upped their price objective on Norwegian Cruise Line from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Argus restated a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average target price of $25.16.

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.