35,000 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company's stock, valued at approximately $901,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NCLH. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Rakuten Securities Inc. grew its stake in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $31,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of analyst reports. BNP Paribas initiated coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 price objective for the company. Truist Financial reduced their target price on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Jefferies Financial Group began coverage on Norwegian Cruise Line in a report on Monday, March 31st. They set a "buy" rating and a $25.00 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $25.63.

Norwegian Cruise Line Stock Up 0.4%

Shares of Norwegian Cruise Line stock traded up $0.07 during trading on Friday, reaching $17.67. The stock had a trading volume of 10,737,245 shares, compared to its average volume of 12,534,542. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.24 and a beta of 2.09. The stock has a fifty day moving average price of $17.53 and a two-hundred day moving average price of $22.63. 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 current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share. Sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS 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.