Amalgamated Bank Buys 55,142 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Amalgamated Bank increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 61.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 144,586 shares of the company’s stock after purchasing an additional 55,142 shares during the period. Amalgamated Bank’s holdings in Norwegian Cruise Line were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at $39,000. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line during the 2nd quarter worth about $39,000. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth about $44,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $61,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 0.5 %

NCLH opened at $20.99 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $21.73. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The company has a market capitalization of $9.01 billion, a P/E ratio of 29.99, a P/E/G ratio of 0.27 and a beta of 2.70. The stock has a fifty day moving average of $17.85 and a 200-day moving average of $18.00.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of analyst reports. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Macquarie increased their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Monday, September 16th. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. Finally, Tigress Financial restated a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $22.17.

Norwegian Cruise Line Company 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.