Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 156.7% in the 4th quarter, Holdings Channel reports. The fund owned 754,493 shares of the company’s stock after acquiring an additional 460,590 shares during the quarter. New York State Common Retirement Fund’s holdings in Norwegian Cruise Line were worth $15,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NCLH. AE Wealth Management LLC raised its stake in shares of Norwegian Cruise Line by 2.5% during the third quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock worth $465,000 after purchasing an additional 693 shares during the last quarter. Wealth Management Partners LLC raised its position in Norwegian Cruise Line by 5.1% during the 3rd quarter. Wealth Management Partners LLC now owns 16,600 shares of the company’s stock worth $274,000 after buying an additional 800 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Norwegian Cruise Line by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after acquiring an additional 800 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Norwegian Cruise Line by 1.0% during the third quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock worth $1,468,000 after acquiring an additional 909 shares during the period. Finally, Redmont Wealth Advisors LLC raised its holdings in Norwegian Cruise Line by 2.4% during the third quarter. Redmont Wealth Advisors LLC now owns 39,073 shares of the company’s stock worth $644,000 after purchasing an additional 911 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NCLH. Truist Financial increased their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Mizuho began coverage on shares of 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.87.

Norwegian Cruise Line Trading Up 0.7 %

Shares of NCLH opened at $19.18 on Tuesday. 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 Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $22.75. The stock 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 firm has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $17.45.

Norwegian Cruise Line (NYSE:NCLH) last released 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). Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the business posted ($1.10) EPS. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal year.

About Norwegian Cruise Line

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.