Louisiana State Employees Retirement System Invests $515,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Louisiana State Employees Retirement System bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,700 shares of the company’s stock, valued at approximately $515,000.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in Norwegian Cruise Line by 38.0% during 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 during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Norwegian Cruise Line by 85.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after buying an additional 1,721 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at $64,000. Mendota Financial Group LLC bought a new position in Norwegian Cruise Line during the 4th quarter valued at $66,000. Finally, Daiwa Securities Group Inc. grew its holdings in Norwegian Cruise Line by 16.0% during the 3rd 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 in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Susquehanna upped their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Mizuho initiated coverage on Norwegian Cruise Line in a research note on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Morgan Stanley lifted their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Truist Financial upped their price target 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, Stifel Nicolaus restated a “buy” rating and set a $25.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus price target of $20.87.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $19.18 on Tuesday. The firm has a fifty day moving average of $19.07 and a 200-day moving average of $17.45. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 68.50, a price-to-earnings-growth ratio of 0.40 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its 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). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm earned ($1.10) earnings per share. As a group, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share 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.