Mpwm Advisory Solutions LLC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mpwm Advisory Solutions LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,850 shares of the company’s stock, valued at approximately $99,000.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after buying an additional 30,182 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $416,000. HB Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $219,000. Artemis Investment Management LLP bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $2,356,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $2,052,000. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NCLH. StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Saturday, May 3rd. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a report on Monday, March 17th. Stifel Nicolaus lowered their price objective on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. 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 research report on Thursday, May 1st. Finally, Citigroup upped their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average price target of $25.63.

Norwegian Cruise Line Trading Down 2.0%

Shares of NYSE:NCLH opened at $18.88 on Tuesday. The business’s 50-day moving average is $17.93 and its 200 day moving average is $23.16. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The firm has a market capitalization of $8.44 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.24 and a beta of 2.09.

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 analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. Norwegian Cruise Line’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.