Belpointe Asset Management LLC Makes New $53,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Belpointe Asset Management LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,338 shares of the company’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Norwegian Cruise Line by 1.9% during the third quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock valued at $530,678,000 after buying an additional 863,553 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Norwegian Cruise Line by 4.2% during the first quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock valued at $483,242,000 after buying an additional 882,556 shares during the last quarter. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after buying an additional 2,875,079 shares during the last quarter. State Street Corp grew its holdings in shares of Norwegian Cruise Line by 1.5% during the third quarter. State Street Corp now owns 13,425,929 shares of the company’s stock valued at $152,519,000 after buying an additional 204,338 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Norwegian Cruise Line by 13.4% during the first quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock valued at $125,019,000 after buying an additional 677,268 shares during the last quarter. Hedge funds and other institutional investors own 57.17% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of Norwegian Cruise Line from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 23rd. StockNews.com initiated coverage on shares of Norwegian Cruise Line in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Susquehanna lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating on the stock in a research report on Wednesday, March 29th. Citigroup lowered their price objective on shares of Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, March 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Norwegian Cruise Line from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.50.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $14.47 on Wednesday. The company has a 50 day moving average price of $13.41 and a 200-day moving average price of $14.13. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $10.31 and a fifty-two week high of $18.67. The stock has a market capitalization of $6.14 billion, a PE ratio of -4.21 and a beta of 2.49. The company has a debt-to-equity ratio of 184.14, a quick ratio of 0.26 and a current ratio of 0.29.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.21. Norwegian Cruise Line had a negative net margin of 23.54% and a negative return on equity of 448.59%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company earned ($1.90) EPS. The company’s revenue was up 249.1% compared to the same quarter last year. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 0.46 earnings per share for the current fiscal year.

About Norwegian Cruise Line

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.