First Trust Advisors LP Has $22.88 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

First Trust Advisors LP raised its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 125.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 889,194 shares of the company's stock after purchasing an additional 494,640 shares during the quarter. First Trust Advisors LP owned about 0.20% of Norwegian Cruise Line worth $22,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NCLH. Commerce Bank boosted its holdings in shares of Norwegian Cruise Line by 15.8% in the fourth quarter. Commerce Bank now owns 11,743 shares of the company's stock valued at $302,000 after acquiring an additional 1,603 shares in the last quarter. Capital International Investors increased its position in shares of Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Capital International Sarl lifted its holdings in Norwegian Cruise Line by 8.9% in the 4th quarter. Capital International Sarl now owns 107,767 shares of the company's stock valued at $2,773,000 after acquiring an additional 8,842 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Norwegian Cruise Line by 89.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 37,200 shares of the company's stock valued at $957,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Zacks Investment Management lifted its stake in Norwegian Cruise Line by 3.6% during the fourth quarter. Zacks Investment Management now owns 193,070 shares of the company's stock valued at $4,968,000 after purchasing an additional 6,794 shares during the last quarter. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NCLH shares. Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Barclays dropped their price target on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Loop Capital upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a report on Monday, April 21st. Bank of America dropped their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.58.

Norwegian Cruise Line Price Performance

NCLH traded up $0.25 during midday trading on Thursday, reaching $16.28. 9,019,725 shares of the company's stock were exchanged, compared to its average volume of 12,873,646. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The business has a 50-day simple moving average of $18.84 and a two-hundred day simple moving average of $23.68. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced 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 net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $0.16 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current 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.