Rafferty Asset Management LLC Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Rafferty Asset Management LLC grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,605 shares of the company’s stock after purchasing an additional 1,281 shares during the period. Rafferty Asset Management LLC’s holdings in Norwegian Cruise Line were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NCLH. Norges Bank bought a new stake in Norwegian Cruise Line in the 4th quarter worth about $83,243,000. Invesco Ltd. boosted its holdings in shares of Norwegian Cruise Line by 22.4% during the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after acquiring an additional 1,499,622 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after acquiring an additional 1,141,086 shares during the period. Vanguard Group Inc. raised its holdings in shares of Norwegian Cruise Line by 2.1% during the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock valued at $819,008,000 after purchasing an additional 1,031,053 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Norwegian Cruise Line by 357.4% during the fourth quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock valued at $21,386,000 after purchasing an additional 833,850 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $17.58 on Tuesday. The business has a 50-day moving average price of $17.42 and a 200-day moving average price of $18.01. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 0.30 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

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

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of research reports. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, May 21st. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased 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 note on Tuesday, May 21st. Finally, Susquehanna cut their target price on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus target price of $21.25.

Check Out Our Latest Stock Analysis on NCLH

Norwegian Cruise Line Profile

(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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