Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 14.5% during the 1st quarter, Holdings Channel reports. The fund owned 12,737 shares of the company’s stock after purchasing an additional 1,616 shares during the period. Sequoia Financial Advisors LLC’s holdings in Norwegian Cruise Line were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. 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. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $113,156,000. Two Sigma Advisers LP increased its position in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the period. Voloridge Investment Management LLC increased its position in shares of Norwegian Cruise Line by 3,403.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company’s stock valued at $86,828,000 after purchasing an additional 3,278,249 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NCLH shares. Barclays lowered their price target on Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, May 19th. UBS Group decreased their target price on Norwegian Cruise Line from $29.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, June 30th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Finally, Argus restated a “hold” rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.84.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $21.95 on Friday. 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 current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.38 and a beta of 2.13. The stock’s fifty day simple moving average is $18.59 and its 200-day simple moving average is $21.33.

Norwegian Cruise Line (NYSE:NCLH) last issued 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 9.05% and a return on equity of 66.78%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

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.