Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,699 shares of the company’s stock after purchasing an additional 8,858 shares during the quarter. Public Sector Pension Investment Board’s holdings in Norwegian Cruise Line were worth $1,366,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line during the 1st quarter worth about $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line during the first quarter worth about $39,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $39,000. 1832 Asset Management L.P. purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Norwegian Cruise Line during the first quarter worth approximately $61,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Down 2.9 %

Shares of NYSE NCLH opened at $19.91 on Wednesday. The stock has a fifty day moving average price of $17.93 and a 200 day moving average price of $18.04. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $21.73. The company has a market cap of $8.54 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.30 and a beta of 2.70.

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

Analyst Ratings Changes

Several research analysts have weighed in on NCLH shares. Morgan Stanley boosted their price target on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday. Susquehanna lifted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Truist Financial boosted their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.43.

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.