Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 156.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754,493 shares of the company’s stock after purchasing an additional 460,590 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of Norwegian Cruise Line worth $15,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NCLH. AE Wealth Management LLC raised its holdings in shares of Norwegian Cruise Line by 2.5% in the third quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock worth $465,000 after buying an additional 693 shares during the last quarter. Wealth Management Partners LLC grew its stake in Norwegian Cruise Line by 5.1% during the 3rd quarter. Wealth Management Partners LLC now owns 16,600 shares of the company’s stock valued at $274,000 after purchasing an additional 800 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Norwegian Cruise Line by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after purchasing an additional 800 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.0% during the third quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock worth $1,468,000 after purchasing an additional 909 shares during the period. Finally, Redmont Wealth Advisors LLC boosted its position in Norwegian Cruise Line by 2.4% in the third quarter. Redmont Wealth Advisors LLC now owns 39,073 shares of the company’s stock valued at $644,000 after buying an additional 911 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on NCLH. Susquehanna lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company reaffirmed 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. Truist Financial upped their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Barclays lifted their price target on 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. Finally, Mizuho initiated coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Stock Up 0.7 %

NCLH opened at $19.18 on Tuesday. The company has a market cap of $8.16 billion, a PE ratio of 68.50, a price-to-earnings-growth ratio of 0.40 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a 50-day moving average price of $19.07 and a 200 day moving average price of $17.45. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94.

Norwegian Cruise Line (NYSE:NCLH) last announced 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period in the previous year, the company earned ($1.10) EPS. Sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current fiscal year.

Norwegian Cruise Line Company 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.