New York State Common Retirement Fund Buys 460,590 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

New York State Common Retirement Fund boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 156.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 754,493 shares of the company's stock after acquiring an additional 460,590 shares during the period. New York State Common Retirement Fund owned 0.18% of Norwegian Cruise Line worth $15,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in shares of Norwegian Cruise Line by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 28,188 shares of the company's stock valued at $465,000 after buying an additional 693 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Norwegian Cruise Line in the third quarter valued at approximately $64,000. Czech National Bank raised its position in Norwegian Cruise Line by 48.1% during the third quarter. Czech National Bank now owns 74,356 shares of the company's stock valued at $1,225,000 after purchasing an additional 24,144 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Norwegian Cruise Line by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company's stock worth $2,729,000 after purchasing an additional 82,800 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Norwegian Cruise Line by 6.8% in the 3rd quarter. Xponance Inc. now owns 76,054 shares of the company's stock valued at $1,253,000 after purchasing an additional 4,849 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Down 1.4 %

NYSE:NCLH traded down $0.26 during trading hours on Tuesday, hitting $18.92. 15,384,205 shares of the company were exchanged, compared to its average volume of 11,980,917. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 68.50, a price-to-earnings-growth ratio of 0.40 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $22.75. The company has a fifty day simple moving average of $19.07 and a 200 day simple moving average of $17.45. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 40.94.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business earned ($1.10) earnings per share. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Susquehanna boosted their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Stifel Nicolaus reissued a "buy" rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Truist Financial raised their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, March 1st. Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $20.87.

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.