Canada Pension Plan Investment Board Acquires 310,094 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Canada Pension Plan Investment Board boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 553.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,100 shares of the company’s stock after purchasing an additional 310,094 shares during the period. Canada Pension Plan Investment Board owned about 0.09% of Norwegian Cruise Line worth $6,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the second quarter valued at approximately $2,423,000. MQS Management LLC purchased a new position in Norwegian Cruise Line during the 2nd quarter valued at $210,000. Vanguard Personalized Indexing Management LLC increased its position in Norwegian Cruise Line by 3.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,943 shares of the company’s stock valued at $807,000 after purchasing an additional 1,505 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Norwegian Cruise Line by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock worth $258,000 after purchasing an additional 747 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Norwegian Cruise Line by 61.6% during the 2nd quarter. Amalgamated Bank now owns 144,586 shares of the company’s stock valued at $2,717,000 after purchasing an additional 55,142 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $20.96 on Wednesday. The firm has a market cap of $8.99 billion, a P/E ratio of 29.94, a PEG ratio of 0.27 and a beta of 2.71. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $21.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The company has a 50 day moving average of $17.85 and a 200 day moving average of $18.00.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly 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 firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NCLH. Tigress Financial reissued 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. JPMorgan Chase & Co. increased their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Macquarie lifted their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Barclays upped their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Susquehanna raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.17.

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.