Northern Trust Corp Buys 705,166 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Northern Trust Corp grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,163,394 shares of the company's stock after purchasing an additional 705,166 shares during the quarter. Northern Trust Corp owned approximately 0.95% of Norwegian Cruise Line worth $107,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NCLH. Capital International Investors raised its holdings in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Norges Bank bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $113,156,000. Renaissance Technologies LLC lifted its holdings in Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Norwegian Cruise Line by 2,064.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company's stock valued at $56,992,000 after purchasing an additional 2,112,667 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $52,660,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Loop Capital dropped their target price on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a report on Monday, March 17th. The Goldman Sachs Group lowered their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Northcoast Research initiated coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price target for the company. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $26.26.

Norwegian Cruise Line Stock Up 0.3 %

NCLH traded up $0.05 during midday trading on Wednesday, hitting $17.32. The company had a trading volume of 9,633,839 shares, compared to its average volume of 12,715,957. 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 Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The stock's 50 day moving average price is $18.24 and its 200 day moving average price is $23.49. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Norwegian Cruise Line 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.