Strs Ohio Takes $895,000 Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Strs Ohio acquired a new stake in Norwegian Cruise Line Holdings Ltd., purchasing 47,227 shares valued at approximately $895,000 in the first quarter.
• Other institutional investors also increased their stakes, with 69.58% of the company's stock now owned by hedge funds and other institutional investors.
• Norwegian Cruise Line's recent earnings report showed $0.51 earnings per share, missing expectations, but revenue was up 6.1% year-over-year.

Strs Ohio acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,227 shares of the company's stock, valued at approximately $895,000.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Norwegian Cruise Line by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company's stock worth $1,023,092,000 after purchasing an additional 653,279 shares during the last quarter. Invesco Ltd. increased its position in Norwegian Cruise Line by 22.7% during the 1st quarter. Invesco Ltd. now owns 11,477,606 shares of the company's stock worth $217,615,000 after buying an additional 2,122,501 shares during the period. Ariel Investments LLC lifted its holdings in shares of Norwegian Cruise Line by 126.8% during the first quarter. Ariel Investments LLC now owns 9,081,170 shares of the company's stock worth $172,179,000 after buying an additional 5,077,531 shares in the last quarter. Northern Trust Corp boosted its position in shares of Norwegian Cruise Line by 2.6% in the first quarter. Northern Trust Corp now owns 4,272,790 shares of the company's stock valued at $81,012,000 after acquiring an additional 109,396 shares during the period. Finally, Greenhouse Funds LLLP grew its stake in shares of Norwegian Cruise Line by 22.2% in the first quarter. Greenhouse Funds LLLP now owns 4,100,848 shares of the company's stock valued at $77,752,000 after acquiring an additional 744,558 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Truist Financial raised their price objective on Norwegian Cruise Line from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday, July 18th. UBS Group upped their target price on Norwegian Cruise Line from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Finally, Jefferies Financial Group raised their price target on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.80.

Norwegian Cruise Line Price Performance

NYSE NCLH traded up $0.19 during trading on Monday, hitting $25.42. 12,019,160 shares of the company's stock were exchanged, compared to its average volume of 16,074,406. The stock's 50 day moving average price is $24.63 and its two-hundred day moving average price is $20.71. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05. The company has a market cap of $11.49 billion, a PE ratio of 17.53, a P/E/G ratio of 1.12 and a beta of 2.19.

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