Zurcher Kantonalbank Zurich Cantonalbank Has $2.68 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• Zurcher Kantonalbank has increased its stake in Norwegian Cruise Line Holdings Ltd. by 21.2%, now holding 141,586 shares valued at approximately $2.68 million.
• Several institutional investors, including Granahan Investment Management and Deutsche Bank, have also recently modified their holdings in the company, indicating heightened interest from the investment community.
• Norwegian Cruise Line's stock has been rated as a Moderate Buy by analysts with a consensus price target of $26.90, despite a slight earnings miss in their latest quarterly report.

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 21.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,586 shares of the company's stock after buying an additional 24,752 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Norwegian Cruise Line were worth $2,684,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisors LLC increased its holdings in Norwegian Cruise Line by 3.7% during 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 last quarter. Scotia Capital Inc. lifted its holdings in shares of Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after acquiring an additional 540 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after buying an additional 654 shares during the last quarter. Burns Matteson Capital Management LLC raised its holdings in Norwegian Cruise Line by 4.0% during the 1st quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after buying an additional 677 shares during the last quarter. Finally, Allworth Financial LP increased its position in Norwegian Cruise Line by 19.1% during the 1st quarter. Allworth Financial LP now owns 4,690 shares of the company's stock valued at $89,000 after purchasing an additional 753 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 1.3%

NYSE NCLH traded down $0.32 during trading on Tuesday, hitting $25.02. 11,226,955 shares of the company traded hands, compared to its average volume of 14,274,029. The company has a market capitalization of $11.18 billion, a P/E ratio of 17.26, a PEG ratio of 1.02 and a beta of 2.24. The business has a fifty day simple moving average of $20.93 and a 200 day simple moving average of $20.89. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 8.05.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data 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). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm earned $0.40 EPS. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NCLH shares. Truist Financial reduced their target price on shares of 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. Citigroup increased their price objective on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Friday. TD Cowen began coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $31.00 price target for the company. Finally, UBS Group decreased their target price on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, June 30th. Nine research 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $27.20.

About Norwegian Cruise Line

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.