Allspring Global Investments Holdings LLC Boosts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Allspring Global Investments Holdings LLC grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,496 shares of the company’s stock after acquiring an additional 8,890 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Norwegian Cruise Line were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Norwegian Cruise Line during the first quarter valued at $217,000. Redmont Wealth Advisors LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth about $80,000. Norden Group LLC bought a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $352,000. Principal Financial Group Inc. boosted its stake in Norwegian Cruise Line by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 487,747 shares of the company’s stock valued at $10,209,000 after purchasing an additional 4,161 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Norwegian Cruise Line by 875.2% in the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after acquiring an additional 109,892 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $23.77 on Tuesday. The stock has a fifty day simple moving average of $20.22 and a two-hundred day simple moving average of $18.42. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $24.80. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. 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 (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on NCLH shares. Stifel Nicolaus upped their price target on Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Macquarie increased their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $23.63.

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.