Daiwa Securities Group Inc. Grows Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Daiwa Securities Group Inc. increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 230.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,269 shares of the company’s stock after purchasing an additional 32,267 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Norwegian Cruise Line were worth $869,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of Norwegian Cruise Line by 87.8% in the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after buying an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Norwegian Cruise Line by 120.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after purchasing an additional 12,313,426 shares in the last quarter. Norges Bank purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $83,243,000. Dimensional Fund Advisors LP grew its position 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. Finally, Hodges Capital Management Inc. grew its position in shares of Norwegian Cruise Line by 33.0% in the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock valued at $28,588,000 after purchasing an additional 377,233 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NCLH. UBS Group increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Citigroup increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Macquarie increased their price target on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.03.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $19.33 on Monday. The company’s fifty day simple moving average is $17.69 and its 200-day simple moving average is $17.97. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The company has a market cap of $8.29 billion, a PE ratio of 27.61, a P/E/G ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current year.

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.