Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Creative Planning

Creative Planning lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 511,375 shares of the company’s stock after acquiring an additional 19,734 shares during the quarter. Creative Planning’s holdings in Norwegian Cruise Line were worth $9,609,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its position in Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares during the period. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after purchasing an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares during the period. Capital International Investors lifted its position in Norwegian Cruise Line by 0.5% in the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NCLH shares. Macquarie increased their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Tigress Financial reissued a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Truist Financial lifted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Susquehanna boosted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $22.43.

Norwegian Cruise Line Price Performance

NCLH stock opened at $19.91 on Wednesday. The business has a 50 day moving average price of $17.93 and a 200 day moving average price of $18.04. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 0.30 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share 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.