American Century Companies Inc. Raises Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

American Century Companies Inc. lifted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 25.5% during the second quarter, Holdings Channel.com reports. The fund owned 17,108 shares of the company’s stock after acquiring an additional 3,471 shares during the period. American Century Companies Inc.’s holdings in Norwegian Cruise Line were worth $504,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NCLH. FMR LLC lifted its holdings in shares of Norwegian Cruise Line by 27.6% during the first quarter. FMR LLC now owns 245,566 shares of the company’s stock worth $13,497,000 after purchasing an additional 53,190 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 19.7% during the first quarter. Envestnet Asset Management Inc. now owns 37,265 shares of the company’s stock worth $1,028,000 after purchasing an additional 6,130 shares during the period. Commerce Bank lifted its holdings in shares of Norwegian Cruise Line by 49.8% during the first quarter. Commerce Bank now owns 18,823 shares of the company’s stock worth $519,000 after purchasing an additional 6,257 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of Norwegian Cruise Line by 23.5% during the first quarter. Standard Life Aberdeen plc now owns 125,262 shares of the company’s stock worth $3,456,000 after purchasing an additional 23,873 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Norwegian Cruise Line by 50.4% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,222 shares of the company’s stock worth $1,220,000 after purchasing an additional 14,810 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

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

Shares of NYSE:NCLH opened at $25.11 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.15 and a 1 year high of $34.49. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of -2.26 and a beta of 2.81. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.59 and a quick ratio of 1.55. The business’s 50 day moving average price is $24.83 and its 200-day moving average price is $27.94.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, August 5th. The company reported ($1.93) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.00) by $0.07. Norwegian Cruise Line had a negative return on equity of 65.44% and a negative net margin of 14,870.70%. The firm had revenue of $4.40 million for the quarter, compared to analyst estimates of $9.14 million. During the same quarter last year, the firm posted ($2.78) EPS. The business’s revenue was down 74.0% on a year-over-year basis. On average, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post -7.1 earnings per share for the current year.

Norwegian Cruise Line 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.

Further Reading: Death Cross

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

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