Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,266 shares of the company’s stock after buying an additional 5,315 shares during the period. Raymond James & Associates’ holdings in Norwegian Cruise Line were worth $1,949,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 14.0% in the first quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after purchasing an additional 5,549,673 shares in the last quarter. Lombard Odier Asset Management USA Corp grew its stake in shares of Norwegian Cruise Line by 100.4% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock worth $214,000 after purchasing an additional 4,376,855 shares in the last quarter. Norges Bank bought a new position in Norwegian Cruise Line during the fourth quarter valued at about $46,141,000. Capital International Investors boosted its stake in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after buying an additional 2,875,079 shares in the last quarter. Finally, Ariel Investments LLC boosted its stake in Norwegian Cruise Line by 113.5% during the first quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock valued at $77,203,000 after buying an additional 1,876,020 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $18.02 on Thursday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The stock has a market cap of $7.67 billion, a P/E ratio of 64.36, a P/E/G ratio of 0.36 and a beta of 2.60. The firm has a 50 day simple moving average of $18.69 and a 200 day simple moving average of $17.29. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.41 and a 52 week high of $22.75.

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 analysts’ consensus estimates of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned ($1.10) earnings per share. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NCLH has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Truist Financial raised their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Susquehanna raised their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Barclays raised their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.87.

Norwegian Cruise Line 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.