51,202 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Axa S.A.

Axa S.A. acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,202 shares of the company’s stock, valued at approximately $962,000.

A number of other institutional investors have also bought and sold shares of NCLH. Allspring Global Investments Holdings LLC increased its holdings in shares of Norwegian Cruise Line by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after purchasing an additional 537 shares during the last quarter. Signaturefd LLC increased its stake in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock worth $251,000 after acquiring an additional 705 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of 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 acquiring an additional 747 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Norwegian Cruise Line by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after acquiring an additional 888 shares during the period. Finally, State of Michigan Retirement System boosted its position in shares of Norwegian Cruise Line by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock valued at $2,207,000 after acquiring an additional 900 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 2.9 %

NYSE NCLH opened at $19.91 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The firm has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $18.04. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 28.44, a PEG 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.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS 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 the consensus estimate of $2.38 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on NCLH. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday. Macquarie lifted 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. Morgan Stanley increased their price objective on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Stifel Nicolaus lifted their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial increased their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.43.

Norwegian Cruise Line 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.