Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by CX Institutional

CX Institutional grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 28.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,292 shares of the company’s stock after buying an additional 2,249 shares during the period. CX Institutional’s holdings in Norwegian Cruise Line were worth $195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. United Capital Financial Advisors LLC boosted its stake in Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after purchasing an additional 498 shares during the period. Scotia Capital Inc. boosted its stake in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after purchasing an additional 540 shares during the period. Quadrant Capital Group LLC boosted its stake in Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after purchasing an additional 654 shares during the period. Rakuten Securities Inc. boosted its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Norwegian Cruise Line by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock worth $86,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $17.76 on Monday. The company has a 50-day simple moving average of $17.70 and a 200-day simple moving average of $22.02. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $7.93 billion, a PE ratio of 16.29, a P/E/G ratio of 0.24 and a beta of 2.12. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted $0.16 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NCLH has been the subject of a number of recent research reports. Susquehanna decreased their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reduced their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Loop Capital reduced their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Stifel Nicolaus reduced their target price on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $25.16.

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.