US Bancorp DE Reduces Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

US Bancorp DE reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 35.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,290 shares of the company’s stock after selling 7,238 shares during the quarter. US Bancorp DE’s holdings in Norwegian Cruise Line were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Granahan Investment Management LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter worth $7,634,000. Janney Montgomery Scott LLC purchased a new stake in Norwegian Cruise Line in the first quarter worth $1,645,000. New Wave Wealth Advisors LLC increased its position in Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company’s stock worth $348,000 after buying an additional 18,044 shares during the last quarter. Deutsche Bank AG increased its position in Norwegian Cruise Line by 41.4% in the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company’s stock worth $48,408,000 after buying an additional 551,251 shares during the last quarter. Finally, Graham Capital Management L.P. increased its position in Norwegian Cruise Line by 155.8% in the fourth quarter. Graham Capital Management L.P. now owns 249,104 shares of the company’s stock worth $6,409,000 after buying an additional 151,705 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 1st. TD Cowen began coverage on shares of Norwegian Cruise Line in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $31.00 price objective for the company. Macquarie reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Northcoast Research began coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a “buy” rating and a $21.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.20.

Norwegian Cruise Line Stock Down 1.6%

Shares of NYSE:NCLH opened at $24.38 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The firm has a fifty day moving average of $21.95 and a 200 day moving average of $20.85. The firm has a market capitalization of $11.02 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.13 and a beta of 2.24. 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 (NYSE:NCLH) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.