B. Riley Wealth Advisors Inc. Lowers Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

B. Riley Wealth Advisors Inc. lowered its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,090 shares of the company’s stock after selling 3,123 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Norwegian Cruise Line were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Norwegian Cruise Line by 58.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after purchasing an additional 1,141,086 shares during the last quarter. WealthPlan Investment Management LLC purchased a new stake in Norwegian Cruise Line during the third quarter worth about $1,824,000. Deutsche Bank AG increased its holdings in Norwegian Cruise Line by 44.3% during the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after buying an additional 269,849 shares during the last quarter. Boulder Hill Capital Management LP purchased a new stake in Norwegian Cruise Line during the fourth quarter worth about $2,447,000. Finally, AGF Management Ltd. increased its holdings in Norwegian Cruise Line by 27.6% during the fourth quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock worth $12,534,000 after buying an additional 135,121 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, May 28th. Truist Financial upgraded shares of 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 report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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, Barclays cut their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.79.

Insider Buying and Selling at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the transaction, the director now directly 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 is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Norwegian Cruise Line Price Performance

NCLH stock opened at $18.66 on Friday. The firm has a 50 day moving average of $17.17 and a 200-day moving average of $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 12 month low of $12.70 and a 12 month high of $22.75. The firm has a market capitalization of $8.01 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 0.30 and a beta of 2.62.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share for the current fiscal year.

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.