Wellington Management Group LLP Boosts Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wellington Management Group LLP boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 78.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 190,976 shares of the company’s stock after buying an additional 84,079 shares during the period. Wellington Management Group LLP’s holdings in Norwegian Cruise Line were worth $3,147,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new position in Norwegian Cruise Line in the third quarter valued at approximately $1,582,000. Deutsche Bank AG grew its position in Norwegian Cruise Line by 44.3% in the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after acquiring an additional 269,849 shares in the last quarter. BlackRock Inc. grew its position in Norwegian Cruise Line by 1.8% in the second quarter. BlackRock Inc. now owns 24,144,786 shares of the company’s stock valued at $525,632,000 after acquiring an additional 428,579 shares in the last quarter. Bank of New York Mellon Corp grew its position in Norwegian Cruise Line by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock valued at $44,361,000 after acquiring an additional 126,147 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Norwegian Cruise Line by 100.0% in the third quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock valued at $2,729,000 after acquiring an additional 82,800 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $21.34 on Thursday. The company has a market cap of $9.08 billion, a PE ratio of 76.22, a P/E/G ratio of 0.43 and a beta of 2.59. The company has a fifty day moving average price of $18.24 and a two-hundred day moving average price of $17.03. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.28 and a 12 month high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the prior year, the firm earned ($1.10) EPS. Research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on NCLH. Truist Financial increased their price objective on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, December 15th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, Citigroup decreased their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.93.

Norwegian Cruise Line Profile

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.