Creative Planning Increases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Creative Planning increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 523,989 shares of the company’s stock after buying an additional 12,614 shares during the period. Creative Planning owned about 0.12% of Norwegian Cruise Line worth $10,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its position in shares of Norwegian Cruise Line by 1,048.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,743 shares of the company’s stock worth $118,000 after purchasing an additional 5,243 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at $78,000. Czech National Bank increased its position in shares of Norwegian Cruise Line by 9.6% in the 3rd quarter. Czech National Bank now owns 89,569 shares of the company’s stock valued at $1,837,000 after acquiring an additional 7,812 shares during the period. Handelsbanken Fonder AB increased its position in shares of Norwegian Cruise Line by 26.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 111,600 shares of the company’s stock valued at $2,289,000 after acquiring an additional 23,100 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Norwegian Cruise Line during the 2nd quarter worth about $523,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NCLH 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 1-year low of $12.70 and a 1-year high of $24.80. 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 stock 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.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion during 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 firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. As a group, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays raised their target price on Norwegian Cruise Line from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Truist Financial raised their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.63.

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.