Optimist Retirement Group LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,051 shares of the company's stock, valued at approximately $247,000.
A number of other institutional investors and hedge funds also recently modified their holdings of NCLH. Versant Capital Management Inc lifted its holdings in Norwegian Cruise Line by 147.7% during the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock valued at $36,000 after purchasing an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $40,000. Bogart Wealth LLC increased its position in shares of Norwegian Cruise Line by 1,012.0% in the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after purchasing an additional 2,024 shares during the period. LRI Investments LLC acquired a new position in Norwegian Cruise Line in the fourth quarter valued at about $47,000. Finally, CENTRAL TRUST Co raised its stake in Norwegian Cruise Line by 2,621.0% in the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock valued at $52,000 after purchasing an additional 2,621 shares in the last quarter. 69.58% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Loop Capital cut their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Northcoast Research started coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price target on the stock. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Susquehanna lowered their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and a consensus price target of $25.42.
Read Our Latest Stock Report on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
Shares of NCLH opened at $23.60 on Friday. The stock's 50-day simple moving average is $19.70 and its 200 day simple moving average is $21.07. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.41 and a beta of 2.13. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly 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). The business had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.
Norwegian Cruise Line Company Profile
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Free Report)
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.
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