Palisade Capital Management LP Acquires New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Palisade Capital Management LP acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,750 shares of the company's stock, valued at approximately $280,000.

Several other large investors have also bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $26,000. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares during the period. Raiffeisen Bank International AG acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $40,000. LRI Investments LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $47,000. Finally, Versant Capital Management Inc raised its stake in shares of Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after purchasing an additional 1,121 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NCLH shares. Northcoast Research initiated coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. Citigroup boosted their price objective on Norwegian Cruise Line from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Jefferies Financial Group boosted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Monday. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Wall Street Zen lowered Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research note on Saturday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.05.

Norwegian Cruise Line Trading Down 2.3%

NCLH stock traded down $0.50 during trading on Monday, hitting $21.48. 14,553,055 shares of the company traded hands, compared to its average volume of 12,928,834. The firm has a market capitalization of $9.60 billion, a PE ratio of 12.42, a P/E/G ratio of 0.38 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a 50-day moving average of $18.59 and a 200-day moving average of $21.27. 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 announced its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm posted $0.16 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. Analysts predict 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.