Public Employees Retirement System of Ohio Purchases 74,983 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Public Employees Retirement System of Ohio increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 48.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,447 shares of the company's stock after purchasing an additional 74,983 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Norwegian Cruise Line worth $5,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NCLH. RFG Advisory LLC acquired a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $270,000. Fifth Third Bancorp raised its position in Norwegian Cruise Line by 2.0% in the fourth quarter. Fifth Third Bancorp now owns 40,534 shares of the company's stock valued at $1,043,000 after purchasing an additional 795 shares during the period. Blue Trust Inc. raised its position in Norwegian Cruise Line by 38.8% in the fourth quarter. Blue Trust Inc. now owns 3,037 shares of the company's stock valued at $78,000 after purchasing an additional 849 shares during the period. KBC Group NV raised its position in Norwegian Cruise Line by 48.9% in the fourth quarter. KBC Group NV now owns 17,789 shares of the company's stock valued at $458,000 after purchasing an additional 5,843 shares during the period. Finally, Pacer Advisors Inc. raised its position in Norwegian Cruise Line by 69.5% in the fourth quarter. Pacer Advisors Inc. now owns 54,199 shares of the company's stock valued at $1,395,000 after purchasing an additional 22,214 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NCLH. Barclays cut their price objective on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen cut Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. BNP Paribas assumed coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price objective for the company. Finally, JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus price target of $25.63.

Norwegian Cruise Line Trading Up 0.4%

NCLH stock traded up $0.07 during midday trading on Friday, hitting $17.67. 10,737,245 shares of the company's stock were exchanged, compared to its average volume of 12,534,538. The stock's fifty day moving average price is $17.53 and its 200-day moving average price is $22.63. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market cap of $7.90 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly 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 return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $0.16 EPS. Norwegian Cruise Line's quarterly revenue was down 2.9% compared to the same quarter last year. Research 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.