Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 120,623 shares of the company’s stock, valued at approximately $1,768,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NCLH. Versant Capital Management Inc boosted its stake in Norwegian Cruise Line by 278.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock worth $28,000 after purchasing an additional 1,389 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth $37,000. Root Financial Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth $41,000. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line in the third quarter valued at about $48,000. Finally, Summit Securities Group LLC raised its position in shares of Norwegian Cruise Line by 291.3% in the first quarter. Summit Securities Group LLC now owns 2,649 shares of the company’s stock valued at $50,000 after buying an additional 1,972 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Trading Up 1.0%
NCLH opened at $17.95 on Friday. The stock has a market capitalization of $8.24 billion, a PE ratio of 9.91, a P/E/G ratio of 0.94 and a beta of 1.99. Norwegian Cruise Line Holdings Ltd. has a one year low of $13.63 and a one year high of $25.13. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.19 and a current ratio of 0.22. The business’s 50 day moving average price is $15.48 and its 200 day moving average price is $18.64.
Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.19. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.49 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on NCLH. Wells Fargo & Company upped their price objective on shares of Norwegian Cruise Line from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Barclays reduced their price objective on Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Zacks Research raised Norwegian Cruise Line from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Stifel Nicolaus dropped their target price on Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, UBS Group raised their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.18.
Get Our Latest Analysis on Norwegian Cruise Line
Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.
Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.
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