MQS Management LLC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

MQS Management LLC acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,192 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently modified their holdings of NCLH. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Norwegian Cruise Line by 3.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,943 shares of the company’s stock worth $807,000 after acquiring an additional 1,505 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Norwegian Cruise Line by 5.8% during 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. Amalgamated Bank raised its stake in shares of Norwegian Cruise Line by 61.6% in the second quarter. Amalgamated Bank now owns 144,586 shares of the company’s stock worth $2,717,000 after purchasing an additional 55,142 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Norwegian Cruise Line in the second quarter valued at approximately $411,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NCLH shares. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective 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. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. Finally, Bank of America boosted their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.17.

Norwegian Cruise Line Stock Up 3.4 %

Norwegian Cruise Line stock opened at $20.89 on Friday. The firm has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $18.00. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share for the current year.

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.