Virtu Financial LLC Buys 21,560 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Virtu Financial LLC increased its holdings in Norwegian Cruise Line Holdings Ltd. by 30.6%, acquiring an additional 21,560 shares, bringing its total to 92,126 shares valued at $1,747,000.
• Multiple institutional investors, including Capital International Investors and Voloridge Investment Management LLC, have significantly increased their positions in Norwegian Cruise Line, showing strong institutional interest in the company.
• Norwegian Cruise Line reported $0.51 earnings per share, missing analysts' expectations, while its quarterly revenue was $2.52 billion, reflecting a 6.1% increase year-over-year.

Virtu Financial LLC grew its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,126 shares of the company's stock after acquiring an additional 21,560 shares during the quarter. Virtu Financial LLC's holdings in Norwegian Cruise Line were worth $1,747,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raiffeisen Bank International AG bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $40,000. New Age Alpha Advisors LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter valued at about $33,000. LRI Investments LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $47,000. Versant Capital Management Inc raised its stake in shares of Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock valued at $36,000 after purchasing an additional 1,121 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock valued at $42,000 after purchasing an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, June 30th. Susquehanna boosted their price target on shares of Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Bank of America boosted their price target on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. 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. Finally, Jefferies Financial Group boosted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus target price of $27.20.

Norwegian Cruise Line Trading Up 2.1%

NYSE NCLH traded up $0.50 on Tuesday, hitting $24.23. 14,474,595 shares of the company were exchanged, compared to its average volume of 15,135,512. The company's 50 day moving average price is $21.72 and its 200-day moving average price is $20.84. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The firm has a market capitalization of $10.95 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.08 and a beta of 2.24. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its 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 business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

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.