OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 51.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,990 shares of the company's stock after selling 86,537 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Norwegian Cruise Line were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Granahan Investment Management LLC bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $7,634,000. Vanguard Group Inc. raised its stake in Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after buying an additional 277,360 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Norwegian Cruise Line in the first quarter worth about $1,645,000. New Wave Wealth Advisors LLC increased its stake in shares of 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 valued at $348,000 after purchasing an additional 18,044 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Norwegian Cruise Line by 41.4% during the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock valued at $48,408,000 after purchasing an additional 551,251 shares in the last quarter. Institutional investors own 69.58% of the company's stock.
Analyst Upgrades and Downgrades
NCLH has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. The Goldman Sachs Group dropped their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Melius Research upgraded shares of Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Citigroup raised their target price on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Truist Financial dropped their target price on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.42.
Check Out Our Latest Report on NCLH
Norwegian Cruise Line Price Performance
Shares of NYSE:NCLH traded up $0.31 on Wednesday, reaching $23.05. The company's stock had a trading volume of 17,103,944 shares, compared to its average volume of 13,023,243. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. The company has a 50-day simple moving average of $19.46 and a 200 day simple moving average of $21.13. The company has a market cap of $10.30 billion, a P/E ratio of 13.32, a PEG ratio of 0.39 and a beta of 2.13.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. Norwegian Cruise Line's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.
About Norwegian Cruise Line
(
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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