Daiwa Securities Group Inc. Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Daiwa Securities Group Inc. boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,399 shares of the company’s stock after purchasing an additional 1,358 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Norwegian Cruise Line were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mendota Financial Group LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $66,000. Larson Financial Group LLC lifted its stake in Norwegian Cruise Line by 38.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after purchasing an additional 984 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Norwegian Cruise Line by 85.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock valued at $61,000 after buying an additional 1,721 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $64,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $82,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Barclays raised their price objective on shares of 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. Citigroup lowered their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Susquehanna raised their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $19.04 on Friday. The firm has a market cap of $8.10 billion, a PE ratio of 68.00, a price-to-earnings-growth ratio of 0.40 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.42 and a 12-month high of $22.75. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94. The company’s fifty day simple moving average is $19.01 and its two-hundred day simple moving average is $17.41.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business earned ($1.10) EPS. As a group, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current 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 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.