1832 Asset Management L.P. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

1832 Asset Management L.P. purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Michigan Retirement System boosted its holdings in shares of Norwegian Cruise Line by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after buying an additional 800 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of Norwegian Cruise Line by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock worth $3,060,000 after purchasing an additional 950 shares in the last quarter. Kentucky Retirement Systems lifted its position in shares of Norwegian Cruise Line by 3.1% in the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock worth $682,000 after purchasing an additional 1,013 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Norwegian Cruise Line by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 43,724 shares of the company’s stock worth $721,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of Norwegian Cruise Line by 1.7% in the fourth quarter. Rafferty Asset Management LLC now owns 75,605 shares of the company’s stock worth $1,515,000 after purchasing an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 13,360 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the completion of the transaction, the director now owns 13,360 shares in the company, valued at $220,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NCLH shares. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Susquehanna cut their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued 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 $21.25.

Check Out Our Latest Analysis on NCLH

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $17.58 on Tuesday. The firm has a market capitalization of $7.54 billion, a PE ratio of 25.11, a PEG ratio of 0.30 and a beta of 2.62. The company’s 50-day moving average is $17.42 and its 200-day moving average is $18.01. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $22.75. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.16 EPS for the current year.

About Norwegian Cruise Line

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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