Sequoia Financial Advisors LLC Purchases Shares of 18,313 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sequoia Financial Advisors LLC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, Holdings Channel.com reports. The firm purchased 18,313 shares of the company’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Covestor Ltd boosted its stake in Norwegian Cruise Line by 5,020.8% during the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after purchasing an additional 1,205 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock worth $40,000 after purchasing an additional 1,358 shares during the period. Larson Financial Group LLC increased its stake in shares of Norwegian Cruise Line by 38.0% during the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after acquiring an additional 984 shares during the period. Exchange Traded Concepts LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $64,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth $66,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 0.8 %

NCLH stock opened at $18.17 on Friday. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 64.90, a PEG ratio of 0.36 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 fifty day moving average price of $18.70 and a two-hundred day moving average price of $17.30. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period last year, the firm posted ($1.10) earnings per share. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup lowered their target price on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Mizuho initiated coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price on the stock. Barclays increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Truist Financial lifted their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.87.

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.