Zurcher Kantonalbank Zurich Cantonalbank Buys 15,463 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,933 shares of the company’s stock after acquiring an additional 15,463 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Norwegian Cruise Line were worth $1,902,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock valued at $819,008,000 after buying an additional 1,031,053 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Norwegian Cruise Line by 22.4% in the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after buying an additional 1,499,622 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Norwegian Cruise Line by 3.0% in the third quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock valued at $56,456,000 after buying an additional 100,682 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Norwegian Cruise Line by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock valued at $44,361,000 after buying an additional 126,147 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.9% in the third quarter. Victory Capital Management Inc. now owns 1,229,174 shares of the company’s stock valued at $20,257,000 after buying an additional 34,788 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $19.39 on Thursday. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The stock has a market cap of $8.25 billion, a PE ratio of 69.25, a price-to-earnings-growth ratio of 0.39 and a beta of 2.60. The stock has a 50-day moving average of $18.90 and a 200-day moving average of $17.38. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.41 and a one year high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period last year, the company earned ($1.10) earnings per share. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NCLH shares. Susquehanna lifted their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Barclays lifted their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Mizuho initiated coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price objective for the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $18.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.87.

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.