Virtu Financial LLC Grows Stock Position in 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 lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 30.6% during 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 buying an additional 21,560 shares during the quarter. Virtu Financial LLC's holdings in Norwegian Cruise Line were worth $1,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NCLH. Franklin Resources Inc. increased its holdings in Norwegian Cruise Line by 11.5% during the 4th quarter. Franklin Resources Inc. now owns 17,163 shares of the company's stock worth $442,000 after purchasing an additional 1,770 shares during the period. Envestnet Asset Management Inc. increased its holdings in Norwegian Cruise Line by 546.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 551,905 shares of the company's stock worth $14,201,000 after purchasing an additional 466,544 shares during the period. Advisory Services Network LLC boosted its position in Norwegian Cruise Line by 411.6% during the 4th quarter. Advisory Services Network LLC now owns 43,579 shares of the company's stock valued at $1,121,000 after acquiring an additional 35,060 shares in the last quarter. Martingale Asset Management L P bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $1,075,000. Finally, Raymond James Financial Inc. bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $19,064,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NCLH. Mizuho increased their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Northcoast Research began coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 target price on the stock. Truist Financial dropped their target price on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Loop Capital dropped their target price on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.20.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.08 on Friday, reaching $24.28. 4,209,362 shares of the stock were exchanged, compared to its average volume of 14,125,917. The company's 50-day moving average price is $21.95 and its 200 day moving average price is $20.85. 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 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 $10.97 billion, a PE ratio of 16.76, a PEG ratio of 1.13 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.