Charles Schwab Investment Management Inc. Has $67.90 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Charles Schwab Investment Management Inc. raised its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,581,365 shares of the company’s stock after buying an additional 33,549 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of Norwegian Cruise Line worth $67,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NCLH. Franklin Resources Inc. boosted its position in Norwegian Cruise Line by 11.5% in the fourth quarter. Franklin Resources Inc. now owns 17,163 shares of the company’s stock valued at $442,000 after buying an additional 1,770 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Norwegian Cruise Line by 546.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 551,905 shares of the company’s stock valued at $14,201,000 after buying an additional 466,544 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $19,064,000. Mariner LLC lifted its position in shares of Norwegian Cruise Line by 26.9% during the fourth quarter. Mariner LLC now owns 66,881 shares of the company’s stock worth $1,721,000 after purchasing an additional 14,179 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in shares of Norwegian Cruise Line by 103.3% during the fourth quarter. CreativeOne Wealth LLC now owns 29,920 shares of the company’s stock worth $770,000 after purchasing an additional 15,205 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 1.6%

Shares of NYSE:NCLH opened at $24.38 on Friday. The company has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $20.85. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The company has a market capitalization of $11.02 billion, a PE ratio of 16.81, a PEG ratio of 1.13 and a beta of 2.24.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of research reports. Bank of America upped their target price on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Macquarie reduced their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Argus reiterated a “hold” rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Truist Financial reduced their target price on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, May 19th. Finally, Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $26.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.20.

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.