Jupiter Asset Management Ltd. Has $19.71 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Norwegian Cruise Line Holdings by 52.1%, selling over 1 million shares, leaving it with approximately 1 million shares valued at $19.7 million.
• Institutional investors and hedge funds now own 69.58% of Norwegian Cruise Line's stock, reflecting ongoing interest and investment in the company.
• Norwegian Cruise Line reported $0.51 EPS for the last quarter, missing estimates by $0.01, with revenue of $2.52 billion versus the expected $2.55 billion.

Jupiter Asset Management Ltd. trimmed its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 52.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,039,405 shares of the company's stock after selling 1,129,253 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.23% of Norwegian Cruise Line worth $19,707,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Granahan Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $7,634,000. Janney Montgomery Scott LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth $1,645,000. New Wave Wealth Advisors LLC lifted its position in shares of Norwegian Cruise Line by 5,467.9% during the 1st quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock worth $348,000 after buying an additional 18,044 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Norwegian Cruise Line by 41.4% during the 4th quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock worth $48,408,000 after buying an additional 551,251 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Norwegian Cruise Line by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 501,564 shares of the company's stock worth $12,905,000 after buying an additional 22,734 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NCLH. Macquarie dropped their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Argus reiterated a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Citigroup increased their target price on Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Northcoast Research initiated coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $27.20.

Norwegian Cruise Line Trading Down 2.5%

Shares of NCLH stock traded down $0.64 on Tuesday, hitting $24.70. The company had a trading volume of 2,366,285 shares, compared to its average volume of 14,208,193. The firm has a market cap of $11.04 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.02 and a beta of 2.24. The stock's 50-day moving average is $20.93 and its two-hundred day moving average is $20.89. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $0.40 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal 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.