Xponance Inc. boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 3.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 78,086 shares of the company’s stock after purchasing an additional 2,688 shares during the quarter. Xponance Inc.’s holdings in Norwegian Cruise Line were worth $1,481,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raiffeisen Bank International AG bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $40,000. LRI Investments LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $47,000. Versant Capital Management Inc raised its position in Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock worth $36,000 after acquiring an additional 1,121 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after buying an additional 654 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in Norwegian Cruise Line by 2,621.0% during the 1st quarter. CENTRAL TRUST Co now owns 2,721 shares of the company’s stock worth $52,000 after buying an additional 2,621 shares during the period. 69.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on NCLH shares. Macquarie cut their price objective on Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Citigroup boosted their price objective on Norwegian Cruise Line from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group cut their price objective on Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Melius Research upgraded Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Finally, Stifel Nicolaus cut their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.16.
Norwegian Cruise Line Trading Down 2.2%
Shares of NYSE NCLH opened at $22.76 on Wednesday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.40 and a beta of 2.13. The business has a 50 day simple moving average of $19.35 and a 200 day simple moving average of $21.11. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19.
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last announced its quarterly 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 the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal 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.
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