Sequoia Financial Advisors LLC Invests $367,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sequoia Financial Advisors LLC acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,313 shares of the company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock valued at $988,111,000 after purchasing an additional 5,549,673 shares during the last quarter. Lombard Odier Asset Management USA Corp boosted its position in Norwegian Cruise Line by 100.4% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock valued at $214,000 after buying an additional 4,376,855 shares during the last quarter. Norges Bank acquired a new position in Norwegian Cruise Line in the 4th quarter worth approximately $46,141,000. Capital International Investors raised its position in Norwegian Cruise Line by 15.7% during the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after buying an additional 2,875,079 shares during the last quarter. Finally, Ariel Investments LLC lifted its stake in Norwegian Cruise Line by 113.5% during the 1st quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock valued at $77,203,000 after acquiring an additional 1,876,020 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $18.17 on Friday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The firm has a fifty day moving average of $18.70 and a 200 day moving average of $17.30. The firm has a market cap of $7.73 billion, a PE ratio of 64.90, a PEG ratio of 0.36 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.41 and a one year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations 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. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NCLH. Susquehanna increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Truist Financial increased their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Citigroup dropped their target price on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $18.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average price target of $20.87.

About Norwegian Cruise Line

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.