Fifth Third Bancorp Purchases 3,264 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Fifth Third Bancorp raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 8.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,798 shares of the company’s stock after purchasing an additional 3,264 shares during the period. Fifth Third Bancorp’s holdings in Norwegian Cruise Line were worth $830,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Rakuten Securities Inc. raised its stake in shares of Norwegian Cruise Line by 176.0% in the fourth 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 last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Norwegian Cruise Line by 238.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after purchasing an additional 880 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NCLH. Macquarie decreased their target price on Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Barclays decreased their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Bank of America dropped their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Susquehanna cut their target price on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Citigroup increased their price target on Norwegian Cruise Line from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $25.16.

Norwegian Cruise Line Stock Performance

NCLH opened at $18.55 on Tuesday. The company has a 50 day simple moving average of $17.76 and a two-hundred day simple moving average of $21.96. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market cap of $8.29 billion, a P/E ratio of 17.02, a PEG ratio of 0.24 and a beta of 2.12. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the firm posted $0.16 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Norwegian Cruise Line 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.