Zurcher Kantonalbank Zurich Cantonalbank Has $1.90 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,933 shares of the company’s stock after buying an additional 15,463 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Norwegian Cruise Line were worth $1,902,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC boosted 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 valued at $59,000 after purchasing an additional 984 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Norwegian Cruise Line by 85.8% during the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock valued at $61,000 after purchasing an additional 1,721 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Norwegian Cruise Line during the third quarter valued at about $64,000. Mendota Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $66,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Norwegian Cruise Line by 16.0% in the third quarter. Daiwa Securities Group Inc. now owns 10,041 shares of the company’s stock worth $165,000 after acquiring an additional 1,387 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 0.8 %

NCLH stock opened at $19.39 on Thursday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 69.25, a PEG ratio of 0.39 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The stock has a fifty day moving average of $18.90 and a 200-day moving average of $17.38.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion for 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 quarter in the previous year, the company posted ($1.10) EPS. As a group, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NCLH. Morgan Stanley lifted their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Mizuho started 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Truist Financial lifted their target price 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average price target 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.