Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 53.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,768 shares of the company’s stock after acquiring an additional 6,535 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Norwegian Cruise Line were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Jupiter Asset Management Ltd. purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth approximately $15,213,000. American Century Companies Inc. grew its holdings in Norwegian Cruise Line by 69.5% during the 2nd quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after acquiring an additional 267,155 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $39,000. AdvisorShares Investments LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at $159,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth $3,555,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of analyst reports. Tigress Financial restated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. The Goldman Sachs Group boosted their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.17.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $20.89 on Friday. The firm has a market cap of $8.96 billion, a P/E ratio of 29.84, a P/E/G ratio of 0.27 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $21.73. The business’s 50-day moving average price is $17.82 and its 200 day moving average price is $18.01. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last released 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. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share 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.