Palisade Capital Management LP Buys Shares of 14,750 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Palisade Capital Management LP purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,750 shares of the company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its holdings in Norwegian Cruise Line by 53.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,627 shares of the company's stock worth $737,000 after purchasing an additional 9,953 shares during the period. Proficio Capital Partners LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter worth about $2,072,000. US Bancorp DE lifted its holdings in Norwegian Cruise Line by 70.7% in the fourth quarter. US Bancorp DE now owns 20,528 shares of the company's stock worth $528,000 after purchasing an additional 8,504 shares during the period. Metis Global Partners LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter worth about $221,000. Finally, Jones Financial Companies Lllp lifted its holdings in Norwegian Cruise Line by 60.4% in the fourth quarter. Jones Financial Companies Lllp now owns 28,449 shares of the company's stock worth $732,000 after purchasing an additional 10,712 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NCLH shares. Truist Financial cut their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a report on Monday, May 19th. Loop Capital cut their price target on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Susquehanna cut their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Bank of America cut their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, BNP Paribas started coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.84.

Norwegian Cruise Line Stock Up 2.7%

Shares of NYSE NCLH opened at $21.95 on Friday. The stock has a market cap of $9.81 billion, a PE ratio of 12.69, a PEG ratio of 0.37 and a beta of 2.13. The business has a fifty day moving average of $18.50 and a two-hundred day moving average of $21.36. 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.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, equities research analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.