Hsbc Holdings PLC decreased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 56.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,763 shares of the company's stock after selling 296,158 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Norwegian Cruise Line worth $5,963,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $26,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $27,000. Rakuten Securities Inc. lifted 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. Finally, R Squared Ltd acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.58% of the company's stock.
Norwegian Cruise Line Stock Up 1.3 %
NYSE NCLH traded up $0.21 during trading on Thursday, reaching $16.24. 19,838,220 shares of the company's stock were exchanged, compared to its average volume of 12,757,950. The stock has a market cap of $7.14 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a 50 day moving average price of $18.84 and a two-hundred day moving average price of $23.68.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.
Wall Street Analyst Weigh In
NCLH has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Stifel Nicolaus dropped their target price on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group reduced 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 note on Wednesday, April 23rd. Macquarie increased their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Loop Capital reduced their target price on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday. Eight 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. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average target price of $26.32.
Read Our Latest Stock Report on Norwegian Cruise Line
Norwegian Cruise Line Profile
(
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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