11,275 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,275 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors also recently bought and sold shares of the stock. Capital Research Global Investors increased its holdings in shares of Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position 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 worth $470,889,000 after acquiring an additional 12,313,426 shares during the period. Columbus Hill Capital Management L.P. acquired a new position in shares of Norwegian Cruise Line in the second quarter worth about $23,479,000. Dimensional Fund Advisors LP boosted its stake in shares of Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after acquiring an additional 1,129,770 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at about $15,213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $21.08 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The stock has a market cap of $9.27 billion, a PE ratio of 30.11, a P/E/G ratio of 0.30 and a beta of 2.70. 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 stock has a 50 day moving average price of $17.90 and a 200 day moving average price of $18.04.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Tigress Financial reiterated a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Truist Financial increased their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus upped their price target on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.43.

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.