abrdn plc lowered its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 47.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 61,097 shares of the company’s stock after selling 55,807 shares during the period. abrdn plc’s holdings in Norwegian Cruise Line were worth $1,340,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NCLH. Capital International Investors grew its position in Norwegian Cruise Line by 48.6% during the 4th quarter. Capital International Investors now owns 18,366,928 shares of the company’s stock worth $380,930,000 after acquiring an additional 6,003,809 shares during the last quarter. Miller Value Partners LLC grew its position in Norwegian Cruise Line by 29.2% during the 4th quarter. Miller Value Partners LLC now owns 4,645,710 shares of the company’s stock worth $96,352,000 after acquiring an additional 1,049,243 shares during the last quarter. MIG Capital LLC grew its position in Norwegian Cruise Line by 38.6% during the 4th quarter. MIG Capital LLC now owns 2,566,453 shares of the company’s stock worth $53,229,000 after acquiring an additional 715,109 shares during the last quarter. State Street Corp grew its position in Norwegian Cruise Line by 5.3% during the 4th quarter. State Street Corp now owns 12,285,973 shares of the company’s stock worth $254,811,000 after acquiring an additional 621,394 shares during the last quarter. Finally, Invesco Ltd. grew its position in Norwegian Cruise Line by 14.1% during the 4th quarter. Invesco Ltd. now owns 5,036,594 shares of the company’s stock worth $104,459,000 after acquiring an additional 620,760 shares during the last quarter. Institutional investors and hedge funds own 56.13% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on NCLH. Truist Financial reduced their price objective on Norwegian Cruise Line from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Norwegian Cruise Line from $23.00 to $17.00 and set a “hold” rating on the stock in a research report on Tuesday, June 21st. Barclays initiated coverage on Norwegian Cruise Line in a research report on Tuesday, June 28th. They issued an “equal weight” rating and a $14.00 price target on the stock. UBS Group reduced their price target on Norwegian Cruise Line to $18.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. Finally, Credit Suisse Group reduced their price target on Norwegian Cruise Line from $38.00 to $33.00 in a research report on Wednesday, May 11th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $23.14.
Insider Transactions at Norwegian Cruise Line
Norwegian Cruise Line Stock Down 1.4 %
NCLH stock opened at $11.98 on Tuesday. The stock’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $17.31. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $10.31 and a fifty-two week high of $29.45. The company has a debt-to-equity ratio of 8.33, a quick ratio of 0.74 and a current ratio of 0.77. The company has a market cap of $5.02 billion, a P/E ratio of -1.13 and a beta of 2.47.
Norwegian Cruise Line (NYSE:NCLH – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.80) by ($0.10). Norwegian Cruise Line had a negative return on equity of 116.64% and a negative net margin of 353.02%. The firm had revenue of $521.90 million for the quarter, compared to analyst estimates of $760.34 million. During the same period last year, the company posted ($2.03) earnings per share. The firm’s quarterly revenue was up 16735.5% compared to the same quarter last year. On average, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post -2.41 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 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 locations, including destinations in Scandinavia, Russia, 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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