Fidelis Capital Partners LLC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,897 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds have also recently added to or reduced their stakes in NCLH. Capital Research Global Investors grew its position in Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after buying an additional 26,676,150 shares during the last quarter. Norges Bank acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $83,243,000. Dimensional Fund Advisors LP lifted its holdings 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 valued at $62,240,000 after purchasing an additional 1,141,086 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after buying an additional 1,031,053 shares during the period. Finally, Penn Capital Management Company LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $17,066,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Activity at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction on Friday, May 31st. The stock was purchased at an average price of $16.50 per share, with a total value of $220,440.00. Following the transaction, the director now directly owns 13,360 shares in the company, valued at $220,440. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NCLH shares. Susquehanna reduced their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Truist Financial raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, UBS Group upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.79.

Read Our Latest Analysis on NCLH

Norwegian Cruise Line Stock Performance

NCLH opened at $18.14 on Tuesday. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The company has a market cap of $7.78 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 0.29 and a beta of 2.69. The stock has a 50-day moving average of $17.00 and a 200-day moving average of $17.97. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $22.75.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.24 billion. As a group, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current fiscal 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.

See Also

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

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