Signature Wealth Management Partners LLC Purchases New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Signature Wealth Management Partners LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,200 shares of the company’s stock, valued at approximately $193,000.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock worth $36,000 after buying an additional 1,121 shares during the last quarter. Raiffeisen Bank International AG bought a new position in Norwegian Cruise Line during the fourth quarter worth about $40,000. Bogart Wealth LLC boosted its holdings in Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company’s stock worth $42,000 after buying an additional 2,024 shares during the last quarter. LRI Investments LLC bought a new position in Norwegian Cruise Line during the fourth quarter worth about $47,000. Finally, CENTRAL TRUST Co boosted its holdings in Norwegian Cruise Line by 2,621.0% during the first quarter. CENTRAL TRUST Co now owns 2,721 shares of the company’s stock worth $52,000 after buying an additional 2,621 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of recent analyst reports. Susquehanna raised their target price on Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday. Barclays raised their target price on Norwegian Cruise Line from $25.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. Northcoast Research assumed coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a “buy” rating and a $21.00 target price on the stock. Morgan Stanley cut their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Finally, Loop Capital cut their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.90.

Norwegian Cruise Line Stock Down 4.2%

Shares of Norwegian Cruise Line stock opened at $24.48 on Friday. The business’s 50 day simple moving average is $20.77 and its 200 day simple moving average is $20.97. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The firm has a market cap of $10.94 billion, a PE ratio of 16.88, a P/E/G ratio of 1.06 and a beta of 2.24. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 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.