State of Alaska Department of Revenue Grows Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

State of Alaska Department of Revenue boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,504 shares of the company’s stock after buying an additional 1,350 shares during the quarter. State of Alaska Department of Revenue’s holdings in Norwegian Cruise Line were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Capital International Investors increased its position in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. increased its position in Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after buying an additional 277,360 shares during the last quarter. Geode Capital Management LLC increased its position in Norwegian Cruise Line by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after buying an additional 270,434 shares during the last quarter. Two Sigma Advisers LP increased its position in Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock worth $197,843,000 after buying an additional 3,824,600 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock worth $143,502,000 after buying an additional 2,959,631 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $19.47 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The business has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $21.56. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.33 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm earned $0.16 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NCLH shares. Melius Research upgraded Norwegian Cruise Line to a “strong-buy” rating in a research report on Monday, April 21st. Truist Financial reduced their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, May 19th. BNP Paribas started coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. Loop Capital reduced their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America reduced their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.16.

About Norwegian Cruise Line

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.