296,707 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Granahan Investment Management LLC

Granahan Investment Management LLC acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 296,707 shares of the company’s stock, valued at approximately $7,634,000. Granahan Investment Management LLC owned approximately 0.07% of Norwegian Cruise Line at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Rakuten Securities Inc. lifted its stake 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 in the last quarter. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 1.2 %

Shares of NYSE NCLH opened at $17.66 on Friday. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The stock’s 50 day simple moving average is $17.98 and its 200 day simple moving average is $23.36. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 target price on the stock. StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Bank of America dropped their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Melius Research upgraded Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Finally, Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.05.

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.