Shellback Capital LP Grows Holdings in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Shellback Capital LP has increased its stake in Norwegian Cruise Line Holdings Ltd. (NCLH) by 189.0%, owning 500,000 shares valued at approximately $9.48 million after purchasing an additional 327,009 shares in the first quarter.
• Analysts have provided mixed ratings for Norwegian Cruise Line, with Barclays raising the target price from $25.00 to $31.00 and a consensus rating of "Moderate Buy" with a price target of $27.50.
• In its latest quarterly earnings report, Norwegian Cruise Line reported $0.51 EPS, missing estimates by $0.01, while revenue for the quarter was $2.52 billion, slightly below analysts' expectations.

Shellback Capital LP lifted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 189.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 500,000 shares of the company's stock after purchasing an additional 327,009 shares during the quarter. Shellback Capital LP owned about 0.11% of Norwegian Cruise Line worth $9,480,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Granahan Investment Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $7,634,000. Janney Montgomery Scott LLC acquired a new stake in Norwegian Cruise Line in the first quarter valued at approximately $1,645,000. New Wave Wealth Advisors LLC raised its holdings in Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company's stock valued at $348,000 after acquiring an additional 18,044 shares in the last quarter. Deutsche Bank AG raised its holdings in Norwegian Cruise Line by 41.4% during the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company's stock worth $48,408,000 after purchasing an additional 551,251 shares in the last quarter. Finally, Graham Capital Management L.P. raised its holdings in Norwegian Cruise Line by 155.8% during the fourth quarter. Graham Capital Management L.P. now owns 249,104 shares of the company's stock worth $6,409,000 after purchasing an additional 151,705 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NCLH shares. TD Cowen began coverage on shares of Norwegian Cruise Line in a report on Tuesday, July 22nd. They issued a "buy" rating and a $31.00 target price on the stock. Argus restated a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Mizuho boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Tigress Financial boosted their target price on shares of Norwegian Cruise Line from $36.00 to $38.00 and gave the company a "strong-buy" rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and a consensus price target of $27.60.

Norwegian Cruise Line Stock Up 5.8%

NYSE NCLH traded up $1.47 on Thursday, reaching $26.90. The company had a trading volume of 19,240,280 shares, compared to its average volume of 14,423,725. The firm has a market capitalization of $12.16 billion, a PE ratio of 18.55, a P/E/G ratio of 1.15 and a beta of 2.19. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The firm has a 50-day moving average of $24.05 and a 200-day moving average of $20.55. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.