International Assets Investment Management LLC Raises Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

International Assets Investment Management LLC increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,934.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,099 shares of the company’s stock after buying an additional 218,787 shares during the period. International Assets Investment Management LLC owned 0.05% of Norwegian Cruise Line worth $4,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd raised its position in Norwegian Cruise Line by 5,020.8% during the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after purchasing an additional 1,205 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after purchasing an additional 1,358 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Norwegian Cruise Line during the third quarter valued at about $42,000. Mendota Financial Group LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $66,000. Finally, Larson Financial Group LLC raised its position in Norwegian Cruise Line by 38.0% during the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock valued at $59,000 after purchasing an additional 984 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 0.7 %

NYSE NCLH opened at $17.47 on Wednesday. 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 capitalization of $7.44 billion, a PE ratio of 62.40, a PEG ratio of 0.37 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.41 and a 1 year high of $22.75. The business’s 50-day moving average is $18.67 and its 200 day moving average is $17.29.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the previous year, the business earned ($1.10) earnings per share. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 0.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NCLH. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Morgan Stanley raised their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Citigroup lowered their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Truist Financial lifted their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.87.

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.