Swiss National Bank Increases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Swiss National Bank increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,017,500 shares of the company’s stock after buying an additional 23,700 shares during the quarter. Swiss National Bank owned about 0.24% of Norwegian Cruise Line worth $12,454,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its position in Norwegian Cruise Line by 5,020.8% in the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after purchasing an additional 1,205 shares during the period. Parkside Financial Bank & Trust raised its position in Norwegian Cruise Line by 272.7% in the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after purchasing an additional 1,358 shares during the period. Quent Capital LLC raised its position in Norwegian Cruise Line by 66.5% in the fourth quarter. Quent Capital LLC now owns 2,064 shares of the company’s stock valued at $25,000 after purchasing an additional 824 shares during the period. Eagle Bay Advisors LLC raised its position in Norwegian Cruise Line by 729.9% in the third quarter. Eagle Bay Advisors LLC now owns 2,274 shares of the company’s stock valued at $26,000 after purchasing an additional 2,000 shares during the period. Finally, MADDEN SECURITIES Corp purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 57.17% of the company’s stock.

Analyst Ratings Changes

NCLH has been the topic of several research analyst reports. Credit Suisse Group reiterated an “underperform” rating and issued a $13.00 price objective on shares of Norwegian Cruise Line in a report on Wednesday, March 1st. Truist Financial cut their price objective on Norwegian Cruise Line from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 23rd. Wells Fargo & Company cut their price objective on Norwegian Cruise Line from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, March 1st. StockNews.com initiated coverage on Norwegian Cruise Line in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Finally, Barclays cut their price objective on Norwegian Cruise Line from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.50.

Norwegian Cruise Line Trading Down 3.1 %

NYSE:NCLH opened at $13.24 on Monday. The stock has a 50-day simple moving average of $13.21 and a 200-day simple moving average of $14.15. The stock has a market cap of $5.62 billion, a P/E ratio of -3.85 and a beta of 2.49. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $10.31 and a 1 year high of $18.67. The company has a debt-to-equity ratio of 184.14, a quick ratio of 0.26 and a current ratio of 0.29.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last released its quarterly earnings data on Monday, May 1st. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.21. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Norwegian Cruise Line had a negative return on equity of 448.59% and a negative net margin of 23.54%. The business’s quarterly revenue was up 249.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.90) EPS. As a group, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.46 earnings per share for the current fiscal year.

About Norwegian Cruise Line

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.