Deutsche Bank AG Boosts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Deutsche Bank AG boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 12.1% in the 1st quarter, HoldingsChannel reports. The firm owned 2,109,715 shares of the company’s stock after purchasing an additional 228,317 shares during the period. Deutsche Bank AG’s holdings in Norwegian Cruise Line were worth $40,000,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in shares of Norwegian Cruise Line in the first quarter valued at approximately $33,000. Versant Capital Management Inc grew its holdings in Norwegian Cruise Line by 147.7% in the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock valued at $36,000 after buying an additional 1,121 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $40,000. Bogart Wealth LLC lifted its holdings in shares of Norwegian Cruise Line by 1,012.0% during the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company’s stock worth $42,000 after acquiring an additional 2,024 shares during the period. Finally, LRI Investments LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $47,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NCLH shares. Mizuho increased their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Argus restated a “hold” rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Susquehanna increased their target price on shares of Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Northcoast Research initiated coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a “buy” rating and a $21.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.20.

Norwegian Cruise Line Trading Up 2.1%

Shares of NCLH opened at $24.23 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The stock has a 50-day moving average price of $21.72 and a 200 day moving average price of $20.84. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market capitalization of $10.95 billion, a P/E ratio of 16.71, a P/E/G ratio of 1.08 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS 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.