Swiss National Bank Cuts Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Swiss National Bank lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 851,900 shares of the company's stock after selling 12,900 shares during the period. Swiss National Bank owned approximately 0.19% of Norwegian Cruise Line worth $16,152,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. United Capital Financial Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after buying an additional 498 shares during the period. Burns Matteson Capital Management LLC increased its holdings in shares of Norwegian Cruise Line by 4.0% in the first quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock worth $334,000 after buying an additional 677 shares during the period. Allworth Financial LP increased its holdings in shares of Norwegian Cruise Line by 19.1% in the first quarter. Allworth Financial LP now owns 4,690 shares of the company's stock worth $89,000 after buying an additional 753 shares during the period. CWM LLC increased its holdings in shares of Norwegian Cruise Line by 4.0% in the first quarter. CWM LLC now owns 22,650 shares of the company's stock worth $429,000 after buying an additional 865 shares during the period. Finally, Commerce Bank increased its holdings in shares of Norwegian Cruise Line by 7.6% in the first quarter. Commerce Bank now owns 12,633 shares of the company's stock worth $240,000 after buying an additional 890 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 1.9%

Shares of Norwegian Cruise Line stock traded up $0.46 during midday trading on Monday, hitting $24.76. The company had a trading volume of 6,017,499 shares, compared to its average volume of 14,104,979. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The stock has a market capitalization of $11.19 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.11 and a beta of 2.24. The company has a 50 day moving average of $22.04 and a 200 day moving average of $20.71. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 business's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NCLH shares. Barclays boosted their price target on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Macquarie reduced their price target on Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Morgan Stanley boosted their price target on Norwegian Cruise Line from $24.00 to $26.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. TD Cowen began coverage on Norwegian Cruise Line in a report on Tuesday, July 22nd. They set a "buy" rating and a $31.00 price target on the stock. Finally, Bank of America boosted their price target on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and a consensus target price of $27.20.

Norwegian Cruise Line 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.