D. E. Shaw & Co. Inc. Boosts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

D. E. Shaw & Co. Inc. increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,491,644 shares of the company’s stock after acquiring an additional 642,380 shares during the period. D. E. Shaw & Co. Inc. owned about 1.02% of Norwegian Cruise Line worth $115,570,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. United Capital Financial Advisors LLC boosted its position in Norwegian Cruise Line by 3.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after buying an additional 498 shares during the period. Scotia Capital Inc. boosted its holdings in Norwegian Cruise Line by 0.5% during the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock valued at $2,928,000 after acquiring an additional 540 shares during the period. Quadrant Capital Group LLC grew its position in Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after acquiring an additional 654 shares during the last quarter. Rakuten Securities Inc. increased its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Norwegian Cruise Line by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock valued at $86,000 after purchasing an additional 754 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NCLH shares. Loop Capital cut their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Tigress Financial restated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, March 17th. Morgan Stanley reduced their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Susquehanna dropped their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.26.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $17.86 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market cap of $7.92 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.24 and a beta of 2.09. The business’s 50 day moving average price is $18.05 and its 200-day moving average price is $23.41.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company 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%. Norwegian Cruise Line’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Norwegian Cruise Line Company 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.