Lafayette Investments Inc. increased its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 119.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,500 shares of the company’s stock after purchasing an additional 18,785 shares during the quarter. Lafayette Investments Inc.’s holdings in Norwegian Cruise Line were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of NCLH. Toronto Dominion Bank grew its stake in shares of Norwegian Cruise Line by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $112,000. Tower Research Capital LLC TRC grew its stake in shares of Norwegian Cruise Line by 395.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock worth $143,000 after purchasing an additional 2,154 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Norwegian Cruise Line in the third quarter worth about $202,000. Finally, Baird Financial Group Inc. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $216,000. 88.85% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on the company. BidaskClub raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price objective on Norwegian Cruise Line from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Saturday, January 20th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Finally, Deutsche Bank lifted their price objective on Norwegian Cruise Line from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $64.47.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, February 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.56 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current fiscal year.
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Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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