Crossmark Global Holdings Inc. Purchases 152,461 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Crossmark Global Holdings Inc. grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 795.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,625 shares of the company's stock after buying an additional 152,461 shares during the period. Crossmark Global Holdings Inc.'s holdings in Norwegian Cruise Line were worth $3,254,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jupiter Asset Management Ltd. raised its holdings in Norwegian Cruise Line by 365.5% during the fourth 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 in the last quarter. Granahan Investment Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $7,634,000. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after purchasing an additional 277,360 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Norwegian Cruise Line during the first quarter worth about $1,645,000. Finally, New Wave Wealth Advisors LLC raised its holdings in Norwegian Cruise Line by 5,467.9% during the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock worth $348,000 after purchasing an additional 18,044 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price for the company. Macquarie dropped their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Wall Street Zen cut shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research note on Saturday, May 3rd. Finally, Truist Financial dropped their price objective on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Trading Down 2.5%

Shares of NCLH traded down $0.57 during mid-day trading on Friday, reaching $22.58. The company had a trading volume of 10,937,862 shares, compared to its average volume of 12,973,189. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.39 and a beta of 2.13. The firm has a fifty day simple moving average of $19.12 and a 200-day simple moving average of $21.16. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. 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 (NYSE:NCLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share 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 analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business's revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.