Mufg Securities Americas Inc. Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mufg Securities Americas Inc. purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,492 shares of the company’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $26,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Rakuten Securities Inc. raised its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 price objective on the stock. Barclays cut their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Northcoast Research began coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.05.

Norwegian Cruise Line Stock Up 1.0%

Shares of NYSE NCLH opened at $19.27 on Friday. The company’s 50-day simple moving average is $17.93 and its 200-day simple moving average is $23.21. 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 $8.61 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. 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.