Yousif Capital Management LLC reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,239 shares of the company’s stock after selling 2,172 shares during the quarter. Yousif Capital Management LLC’s holdings in Norwegian Cruise Line were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Norwegian Cruise Line during the 1st quarter valued at $33,000. Bogart Wealth LLC grew its position in shares of Norwegian Cruise Line by 1,012.0% in the 1st 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 period. CENTRAL TRUST Co grew its position in shares of Norwegian Cruise Line by 2,621.0% in the 1st 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 period. SVB Wealth LLC purchased a new stake in shares of Norwegian Cruise Line in the 1st quarter worth about $56,000. Finally, Parallel Advisors LLC grew its position in shares of Norwegian Cruise Line by 43.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,877 shares of the company’s stock worth $58,000 after buying an additional 874 shares during the period. 69.58% of the stock is currently owned by institutional investors.
Norwegian Cruise Line Stock Performance
Shares of NYSE NCLH opened at $22.94 on Friday. The firm’s 50-day moving average price is $24.65 and its 200-day moving average price is $21.29. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. The company has a market cap of $10.37 billion, a PE ratio of 15.82, a PEG ratio of 1.00 and a beta of 2.21. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on NCLH shares. UBS Group upped their target price on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Zacks Research raised shares of Norwegian Cruise Line from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 16th. TD Cowen started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Finally, Barclays increased their price objective on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Three 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.80.
Read Our Latest Stock Report on NCLH
About Norwegian Cruise Line
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.
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