OLD Mission Capital LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,850 shares of the company’s stock, valued at approximately $365,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $112,000. Tower Research Capital LLC TRC lifted its holdings in Norwegian Cruise Line by 395.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock worth $143,000 after buying an additional 2,154 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $202,000. Baird Financial Group Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $216,000. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total transaction of $546,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.98% of the company’s stock.
Norwegian Cruise Line Holdings Ltd. (NCLH) opened at $56.12 on Friday. The company has a market capitalization of $12,390.00, a P/E ratio of 17.11, a PEG ratio of 0.56 and a beta of 1.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line Holdings Ltd. has a one year low of $46.96 and a one year high of $61.48.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
Several equities research analysts have weighed in on the company. BidaskClub cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley increased their price objective on Norwegian Cruise Line from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Deutsche Bank increased their price objective on Norwegian Cruise Line from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. SunTrust Banks upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. Norwegian Cruise Line currently has an average rating of “Buy” and an average price target of $64.86.
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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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