Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Ethic Inc.

Ethic Inc. raised its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 74.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,518 shares of the company’s stock after acquiring an additional 8,724 shares during the period. Ethic Inc.’s holdings in Norwegian Cruise Line were worth $528,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $26,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Rakuten Securities Inc. lifted its stake in shares of 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 acquiring an additional 739 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $31,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NCLH. The Goldman Sachs Group reduced their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. BNP Paribas initiated coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. Susquehanna cut their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Morgan Stanley cut their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Finally, Macquarie cut their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average price target of $26.05.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $19.09 on Friday. The company has a market cap of $8.53 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a 50-day simple moving average of $17.92 and a 200-day simple moving average of $23.25.

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