Rafferty Asset Management LLC Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Rafferty Asset Management LLC grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 1.7% during the 4th quarter, HoldingsChannel reports. The firm owned 75,605 shares of the company’s stock after buying an additional 1,281 shares during the quarter. Rafferty Asset Management LLC’s holdings in Norwegian Cruise Line were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Norwegian Cruise Line during the fourth quarter worth $83,243,000. Invesco Ltd. grew its position in shares of Norwegian Cruise Line by 22.4% during the 3rd quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after acquiring an additional 1,499,622 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Norwegian Cruise Line by 58.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after purchasing an additional 1,141,086 shares in the last quarter. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after purchasing an additional 1,031,053 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Norwegian Cruise Line by 357.4% during the fourth quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock worth $21,386,000 after purchasing an additional 833,850 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Activity

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

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $17.58 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market cap of $7.54 billion, a P/E ratio of 25.11, a PEG ratio of 0.30 and a beta of 2.62. The company has a 50-day moving average price of $17.42 and a 200 day moving average price of $18.01. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $22.75.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NCLH. Susquehanna cut their price objective on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group lifted their target price on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. UBS Group upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.25.

View Our Latest Research Report on Norwegian Cruise Line

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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