128,933 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 128,933 shares of the company’s stock, valued at approximately $2,423,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $62,240,000 after acquiring an additional 1,141,086 shares during the period. Norges Bank bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $83,243,000. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $1,870,000 after buying an additional 7,708 shares during the period. United Services Automobile Association bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $203,000. Finally, Focus Financial Network Inc. ADV purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $381,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Up 3.4 %

Shares of NYSE NCLH opened at $20.89 on Monday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 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. The firm has a 50-day moving average of $17.82 and a 200 day moving average of $18.00. The stock has a market cap of $8.96 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70.

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 the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. As a group, sell-side 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 have issued reports on NCLH. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley upped their price target on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Wednesday, May 29th. The Goldman Sachs Group upped their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, Susquehanna lifted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two investment 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.com, the stock has a consensus rating of “Hold” and an average price target of $22.17.

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.