Nuveen Asset Management LLC Boosts Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Nuveen Asset Management LLC raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 940,045 shares of the company’s stock after buying an additional 3,239 shares during the period. Nuveen Asset Management LLC owned about 0.21% of Norwegian Cruise Line worth $24,187,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Investors boosted its stake in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Norges Bank purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $113,156,000. Renaissance Technologies LLC boosted its stake in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Norwegian Cruise Line by 2,064.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock valued at $56,992,000 after purchasing an additional 2,112,667 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $52,660,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NCLH has been the subject of a number of analyst reports. Loop Capital dropped their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Stifel Nicolaus dropped their target price on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 price target for the company. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, BNP Paribas assumed coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.63.

Norwegian Cruise Line Price Performance

NCLH stock opened at $17.45 on Friday. The firm has a 50 day moving average price of $17.83 and a 200-day moving average price of $23.03. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.24 and a beta of 2.09. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during 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 for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.