Principal Financial Group Inc. Has $25.54 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Principal Financial Group Inc. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 67.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,347,029 shares of the company's stock after purchasing an additional 543,399 shares during the quarter. Principal Financial Group Inc. owned approximately 0.31% of Norwegian Cruise Line worth $25,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCLH. Capital International Investors grew its holdings in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the period. Norges Bank acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $113,156,000. Two Sigma Advisers LP lifted its stake in shares of Norwegian Cruise Line by 99.0% in the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after purchasing an additional 3,824,600 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after purchasing an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Norwegian Cruise Line by 113.1% in the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Down 2.5%

Shares of NYSE NCLH traded down $0.57 during mid-day trading on Friday, hitting $22.58. 10,937,862 shares of the company traded hands, compared to its average volume of 12,968,321. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.40 and a beta of 2.13. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The business has a 50 day moving average of $19.12 and a two-hundred day moving average of $21.19.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion for 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 company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NCLH has been the topic of several research analyst reports. The Goldman Sachs Group reduced their price objective on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley cut their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Truist Financial lowered their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Finally, Argus restated a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and an average target price of $25.16.

About Norwegian Cruise Line

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.