Royal Bank of Canada Acquires 86,391 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Royal Bank of Canada boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 963,888 shares of the company's stock after acquiring an additional 86,391 shares during the quarter. Royal Bank of Canada owned 0.22% of Norwegian Cruise Line worth $24,801,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line during the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line during the 4th quarter valued at $27,000. Rakuten Securities Inc. boosted its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line during the 4th quarter valued at $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 0.2%

Shares of Norwegian Cruise Line stock traded down $0.04 during midday trading on Thursday, hitting $17.51. The company's stock had a trading volume of 6,342,982 shares, compared to its average volume of 12,512,301. The firm has a market capitalization of $7.82 billion, a P/E ratio of 16.06, a PEG ratio of 0.24 and a beta of 2.09. The stock has a 50-day simple moving average of $17.65 and a 200-day simple moving average of $22.77. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. Norwegian Cruise Line's revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analyst Ratings Changes

NCLH has been the subject of a number of research reports. Barclays decreased their price target on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Susquehanna decreased their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Citigroup increased their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. Finally, Macquarie reduced their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. One equities 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 assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average price target of $25.63.

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.