Victory Capital Management Inc. Buys 20,849 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Victory Capital Management Inc. boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,328,308 shares of the company's stock after buying an additional 20,849 shares during the period. Victory Capital Management Inc. owned approximately 0.30% of Norwegian Cruise Line worth $25,185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its stake in Norwegian Cruise Line by 23.8% in the first quarter. Wealthfront Advisers LLC now owns 17,208 shares of the company's stock worth $326,000 after purchasing an additional 3,308 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Norwegian Cruise Line by 33.2% during the first quarter. Apollon Wealth Management LLC now owns 14,058 shares of the company's stock valued at $267,000 after buying an additional 3,501 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Norwegian Cruise Line by 1,012.0% in the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after purchasing an additional 2,024 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Norwegian Cruise Line in the first quarter worth approximately $2,843,000. Finally, MQS Management LLC bought a new position in Norwegian Cruise Line in the first quarter worth approximately $249,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $23.22 on Tuesday. The company has a market cap of $10.38 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.41 and a beta of 2.13. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The business's 50 day moving average is $19.70 and its two-hundred day moving average is $21.03.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. Norwegian Cruise Line's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

NCLH has been the subject of a number of research analyst reports. Argus reiterated a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Morgan Stanley reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen raised shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Friday. Macquarie lowered their target price on shares of 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. Finally, Barclays raised their target price on shares of Norwegian Cruise Line from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

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.

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