1832 Asset Management L.P. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

1832 Asset Management L.P. purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NCLH. Capital Research Global Investors lifted its holdings in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the last quarter. Eisler Capital UK Ltd. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $297,000. Blueshift Asset Management LLC lifted its holdings in shares of Norwegian Cruise Line by 166.2% during the 4th quarter. Blueshift Asset Management LLC now owns 92,958 shares of the company’s stock worth $1,863,000 after acquiring an additional 58,040 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Norwegian Cruise Line by 1.7% during the 4th quarter. Rafferty Asset Management LLC now owns 75,605 shares of the company’s stock worth $1,515,000 after acquiring an additional 1,281 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $166,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NCLH shares. Stifel Nicolaus boosted their price target on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, May 28th. Susquehanna decreased their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.25.

Check Out Our Latest Research Report on NCLH

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $17.58 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.75. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. The company’s 50-day moving average is $17.42 and its 200 day moving average is $18.01. The stock has a market capitalization of $7.54 billion, a P/E ratio of 25.11, a P/E/G ratio of 0.30 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. On average, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current year.

Insiders Place Their Bets

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne acquired 13,360 shares of the business’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the acquisition, the director now owns 13,360 shares in the company, valued at $220,440. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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