Retirement Systems of Alabama lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 12.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 138,125 shares of the company’s stock after purchasing an additional 15,516 shares during the quarter. Retirement Systems of Alabama’s holdings in Norwegian Cruise Line were worth $3,022,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of NCLH. Industrial Alliance Investment Management Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $370,000. Xponance Inc. raised its position in Norwegian Cruise Line by 24.3% during the fourth quarter. Xponance Inc. now owns 22,703 shares of the company’s stock valued at $471,000 after purchasing an additional 4,439 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in Norwegian Cruise Line by 75.2% during the fourth quarter. Virginia Retirement Systems ET AL now owns 43,800 shares of the company’s stock valued at $908,000 after purchasing an additional 18,800 shares in the last quarter. Ariel Investments LLC raised its position in Norwegian Cruise Line by 30.9% during the fourth quarter. Ariel Investments LLC now owns 1,652,483 shares of the company’s stock valued at $34,272,000 after purchasing an additional 389,870 shares in the last quarter. Finally, LexAurum Advisors LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $613,000. Institutional investors and hedge funds own 56.13% of the company’s stock.
Several research analysts have recently issued reports on NCLH shares. Wells Fargo & Company lowered their price target on shares of Norwegian Cruise Line from $27.00 to $21.00 in a report on Wednesday, May 11th. Morgan Stanley lowered their price target on shares of Norwegian Cruise Line from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Wednesday, June 8th. Susquehanna started coverage on shares of Norwegian Cruise Line in a report on Thursday, June 9th. They set a “positive” rating and a $20.00 price target for the company. Truist Financial lowered their price target on shares of Norwegian Cruise Line from $20.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, May 19th. Finally, Citigroup upped their price target on shares of Norwegian Cruise Line from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, April 19th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.14.
Shares of NCLH opened at $11.81 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 8.33. The stock has a market capitalization of $4.95 billion, a P/E ratio of -1.12 and a beta of 2.52. The firm’s fifty day simple moving average is $14.49 and its two-hundred day simple moving average is $18.58. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $10.31 and a 12 month high of $29.45.
Norwegian Cruise Line (NYSE:NCLH – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($1.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.80) by ($0.10). The firm had revenue of $521.90 million for the quarter, compared to the consensus estimate of $760.34 million. Norwegian Cruise Line had a negative net margin of 353.02% and a negative return on equity of 116.64%. The business’s revenue was up 16735.5% compared to the same quarter last year. During the same period last year, the company posted ($2.03) EPS. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post -2.41 EPS for the current fiscal year.
In other news, Director Russell W. Galbut purchased 100,000 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were acquired at an average price of $15.12 per share, with a total value of $1,512,000.00. Following the completion of the transaction, the director now owns 489,917 shares of the company’s stock, valued at approximately $7,407,545.04. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.
Norwegian Cruise Line Profile (Get Rating)
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 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 locations, including destinations in Scandinavia, Russia, 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.
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