WealthTrust Asset Management LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,484 shares of the company's stock, valued at approximately $616,000.
Other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the period. Versant Capital Management Inc lifted its stake in Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after purchasing an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Norwegian Cruise Line during the fourth quarter worth $40,000. LRI Investments LLC bought a new stake in Norwegian Cruise Line during the fourth quarter worth $47,000. Finally, CENTRAL TRUST Co lifted its stake in Norwegian Cruise Line by 2,621.0% during the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company's stock worth $52,000 after purchasing an additional 2,621 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.
Norwegian Cruise Line Stock Performance
NYSE NCLH opened at $22.58 on Friday. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.40 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The stock has a fifty day simple moving average of $19.12 and a 200 day simple moving average of $21.19. 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 (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.
Analyst Ratings Changes
Several research firms have weighed in on NCLH. Argus restated a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Loop Capital cut their target price on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Morgan Stanley cut their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus cut their target price on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Truist Financial dropped their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and a consensus price target of $25.16.
Read Our Latest Report on Norwegian Cruise Line
About Norwegian Cruise Line
(
Free Report)
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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