Readystate Asset Management LP Grows Stake in Norwegian Cruise Line Holdings Ltd. $NCLH

Readystate Asset Management LP increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 956.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,045 shares of the company’s stock after purchasing an additional 115,926 shares during the period. Readystate Asset Management LP’s holdings in Norwegian Cruise Line were worth $2,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SHP Wealth Management acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $26,000. MUFG Securities EMEA plc acquired a new position in shares of Norwegian Cruise Line during the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its position in shares of Norwegian Cruise Line by 130.2% in the fourth quarter. Clearstead Advisors LLC now owns 1,607 shares of the company’s stock valued at $36,000 after acquiring an additional 909 shares in the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $44,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

NCLH stock opened at $21.24 on Wednesday. The company has a debt-to-equity ratio of 5.75, a current ratio of 0.21 and a quick ratio of 0.18. The business has a 50 day simple moving average of $19.26 and a 200-day simple moving average of $20.08. The firm has a market capitalization of $9.75 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.87. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.53 and a 1 year high of $27.18.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Norwegian Cruise Line has set its Q2 2026 guidance at 0.380-0.380 EPS and its FY 2026 guidance at 1.450-1.790 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Chidsey bought 153,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $16.37 per share, with a total value of $2,504,610.00. Following the purchase, the chief executive officer directly owned 1,139,940 shares of the company’s stock, valued at $18,660,817.80. The trade was a 15.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Z. Cohen purchased 30,000 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $15.83 per share, for a total transaction of $474,900.00. Following the acquisition, the director owned 38,912 shares in the company, valued at approximately $615,976.96. This trade represents a 336.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 1,592,467 shares of company stock valued at $28,493,204 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NCLH. Loop Capital assumed coverage on Norwegian Cruise Line in a research report on Monday, June 1st. They set a “buy” rating and a $22.00 price target for the company. Morgan Stanley raised their price objective on Norwegian Cruise Line from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Truist Financial cut shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a research note on Thursday, July 23rd. Sanford C. Bernstein assumed coverage on shares of Norwegian Cruise Line in a report on Wednesday, June 3rd. They set a “market perform” rating and a $18.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus target price of $21.60.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.