Emerald Mutual Fund Advisers Trust Has $215,000 Stake in Norwegian Cruise Line Holdings Ltd. $NCLH

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,597 shares of the company’s stock after selling 546 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Norwegian Cruise Line were worth $215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCLH. Emerald Advisers LLC increased its stake in shares of Norwegian Cruise Line by 251.7% in the 1st quarter. Emerald Advisers LLC now owns 63,670 shares of the company’s stock valued at $1,207,000 after buying an additional 45,569 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Norwegian Cruise Line by 46.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 255,726 shares of the company’s stock valued at $4,874,000 after purchasing an additional 81,691 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Norwegian Cruise Line by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,581,365 shares of the company’s stock valued at $67,903,000 after buying an additional 33,549 shares during the period. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 1.2% in the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock valued at $1,023,092,000 after acquiring an additional 653,279 shares during the period. Finally, MQS Management LLC acquired a new position in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $249,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NCLH. Citigroup upped their price objective on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. UBS Group raised their target price on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, Bank of America lifted their price objective on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

Norwegian Cruise Line Stock Down 0.0%

Shares of NYSE:NCLH opened at $22.22 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a fifty day moving average of $24.46 and a 200-day moving average of $21.71. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market capitalization of $10.04 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 0.71 and a beta of 2.21.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $0.40 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.