Wedmont Private Capital Acquires 6,836 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wedmont Private Capital boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 61.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,971 shares of the company’s stock after acquiring an additional 6,836 shares during the period. Wedmont Private Capital’s holdings in Norwegian Cruise Line were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NCLH. State of Michigan Retirement System grew its holdings in shares of Norwegian Cruise Line by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after purchasing an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after purchasing an additional 888 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Norwegian Cruise Line by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock valued at $3,060,000 after purchasing an additional 950 shares in the last quarter. Kentucky Retirement Systems boosted its stake in shares of Norwegian Cruise Line by 3.1% during the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock valued at $682,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Norwegian Cruise Line by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 43,724 shares of the company’s stock valued at $721,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NCLH shares. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Susquehanna cut their price target on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Barclays lowered their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Finally, Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.79.

Norwegian Cruise Line Stock Up 0.7 %

NCLH stock opened at $17.30 on Friday. The stock’s fifty day simple moving average is $17.13 and its two-hundred day simple moving average is $18.09. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $22.75. The stock has a market cap of $7.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 0.29 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.16 EPS for the current year.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne acquired 13,360 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the purchase, the director now owns 13,360 shares in the company, valued at approximately $220,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

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.