M&T Bank Corp Has $1.02 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

M&T Bank Corp reduced its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 6.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,726 shares of the company’s stock after selling 3,660 shares during the quarter. M&T Bank Corp’s holdings in Norwegian Cruise Line were worth $1,019,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NCLH. Versant Capital Management Inc lifted its stake in shares of Norwegian Cruise Line by 147.7% in the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock worth $36,000 after buying an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Norwegian Cruise Line in the 4th quarter worth $40,000. LRI Investments LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $47,000. CENTRAL TRUST Co boosted its holdings in Norwegian Cruise Line by 2,621.0% during the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company’s stock valued at $52,000 after acquiring an additional 2,621 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock valued at $65,000 after acquiring an additional 654 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Monday, March 17th. Loop Capital dropped their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Macquarie reduced their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Northcoast Research began coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They set a “buy” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.16.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $23.28 on Tuesday. The business has a 50 day simple moving average of $19.24 and a 200 day simple moving average of $21.10. The company has a debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market capitalization of $10.40 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.39 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29.

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

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.