Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 53.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 53,573 shares of the company’s stock after purchasing an additional 18,672 shares during the period. HighTower Advisors LLC’s holdings in Norwegian Cruise Line were worth $1,574,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zimmer Partners LP purchased a new stake in Norwegian Cruise Line during the 1st quarter worth $130,481,000. BlackRock Inc. boosted its position in Norwegian Cruise Line by 18.1% during the 1st quarter. BlackRock Inc. now owns 20,282,306 shares of the company’s stock worth $559,588,000 after purchasing an additional 3,107,112 shares during the period. Bank of New York Mellon Corp boosted its position in Norwegian Cruise Line by 54.4% during the 1st quarter. Bank of New York Mellon Corp now owns 5,462,075 shares of the company’s stock worth $150,699,000 after purchasing an additional 1,924,402 shares during the period. Alyeska Investment Group L.P. boosted its position in Norwegian Cruise Line by 318.6% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,765,629 shares of the company’s stock worth $48,714,000 after purchasing an additional 1,343,882 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Norwegian Cruise Line during the 1st quarter worth $31,702,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

A number of analysts recently weighed in on NCLH shares. Wolfe Research raised shares of Norwegian Cruise Line from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Wednesday, June 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 20th. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 9th. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $30.00 price objective for the company. in a research report on Tuesday, July 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Norwegian Cruise Line from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, June 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.25.

Shares of NCLH stock opened at $25.06 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.55 and a current ratio of 1.59. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.15 and a one year high of $34.49. The company’s 50-day simple moving average is $24.91 and its 200-day simple moving average is $28.08. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of -2.26 and a beta of 2.81.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Thursday, August 5th. The company reported ($1.93) EPS for the quarter, topping the consensus estimate of ($2.00) by $0.07. The business had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $9.14 million. Norwegian Cruise Line had a negative net margin of 14,870.70% and a negative return on equity of 65.44%. The company’s quarterly revenue was down 74.0% compared to the same quarter last year. During the same quarter last year, the company posted ($2.78) earnings per share. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post -7.1 EPS for the current year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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

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