New York State Common Retirement Fund lifted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 905,441 shares of the company's stock after purchasing an additional 59,375 shares during the period. New York State Common Retirement Fund owned about 0.21% of Norwegian Cruise Line worth $18,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line during the 1st quarter valued at about $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its position in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock worth $41,000 after purchasing an additional 1,817 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Norwegian Cruise Line during the 3rd quarter valued at approximately $78,000. 69.58% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "neutral" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $25.80.
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Norwegian Cruise Line Stock Performance
Shares of NCLH stock traded up $0.79 during trading on Tuesday, reaching $25.94. The company had a trading volume of 10,498,786 shares, compared to its average volume of 12,912,988. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm's 50 day simple moving average is $21.02 and its two-hundred day simple moving average is $18.66. The company has a market capitalization of $11.41 billion, a PE ratio of 23.80, a PEG ratio of 0.27 and a beta of 2.67. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $26.73.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.65 earnings per share for the current year.
Norwegian Cruise Line Profile
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Free Report)
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.
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