Exchange Traded Concepts LLC Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Exchange Traded Concepts LLC grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1,048.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,743 shares of the company’s stock after buying an additional 5,243 shares during the period. Exchange Traded Concepts LLC’s holdings in Norwegian Cruise Line were worth $118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter valued at approximately $27,000. Sentry Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the second quarter worth $39,000. Fidelis Capital Partners LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter worth $61,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Norwegian Cruise Line during the third quarter valued at $78,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at $80,000. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays boosted their price objective on Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday. Bank of America increased their target price 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. Finally, StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average price target of $23.63.

Norwegian Cruise Line Trading Up 0.9 %

NCLH stock opened at $23.92 on Wednesday. The firm has a fifty day moving average price of $19.63 and a 200 day moving average price of $18.29. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $24.80. The firm has a market cap of $10.26 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. 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 announced 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 for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 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.