Edgestream Partners L.P. Takes $411,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Edgestream Partners L.P. acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,899 shares of the company’s stock, valued at approximately $411,000.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Norwegian Cruise Line by 58.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after buying an additional 1,141,086 shares during the period. Norges Bank acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $83,243,000. PNC Financial Services Group Inc. increased its stake in Norwegian Cruise Line by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 93,310 shares of the company’s stock valued at $1,870,000 after purchasing an additional 7,708 shares in the last quarter. United Services Automobile Association acquired a new stake in Norwegian Cruise Line in the fourth quarter worth $203,000. Finally, Focus Financial Network Inc. ADV bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth $381,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on NCLH shares. Stifel Nicolaus raised their price objective on Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Monday, September 16th. The Goldman Sachs Group lifted their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Barclays lifted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.17.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $20.89 on Monday. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The stock’s 50-day moving average is $17.82 and its 200-day moving average is $18.00. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last released its 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. The business had revenue of $2.37 billion for 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%. Norwegian Cruise Line’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share for the current fiscal year.

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.