International Assets Investment Management LLC Raises Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

International Assets Investment Management LLC boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,934.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 230,099 shares of the company’s stock after buying an additional 218,787 shares during the period. International Assets Investment Management LLC’s holdings in Norwegian Cruise Line were worth $4,611,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NCLH. American Century Companies Inc. increased its stake in Norwegian Cruise Line by 16.3% in the 1st quarter. American Century Companies Inc. now owns 29,153 shares of the company’s stock worth $638,000 after buying an additional 4,081 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Norwegian Cruise Line by 20.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,781 shares of the company’s stock worth $1,220,000 after buying an additional 9,335 shares in the last quarter. BlackRock Inc. grew its position in shares of Norwegian Cruise Line by 4.2% during the first quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock valued at $483,242,000 after purchasing an additional 882,556 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at about $1,515,000. Finally, Yousif Capital Management LLC grew its position in shares of Norwegian Cruise Line by 7.2% during the first quarter. Yousif Capital Management LLC now owns 67,863 shares of the company’s stock valued at $1,485,000 after purchasing an additional 4,570 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 0.7 %

Shares of NYSE NCLH opened at $17.47 on Wednesday. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company has a market cap of $7.44 billion, a P/E ratio of 62.40, a PEG ratio of 0.37 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.41 and a 1 year high of $22.75. The firm has a 50-day simple moving average of $18.67 and a two-hundred day simple moving average of $17.29.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the previous year, the business earned ($1.10) EPS. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NCLH. Mizuho began coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective for the company. Truist Financial raised their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Susquehanna raised their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Finally, Barclays raised their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average target price of $20.87.

Norwegian Cruise Line 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.