Blue Trust Inc. Has $41,000 Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Blue Trust Inc. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 489.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,188 shares of the company’s stock after acquiring an additional 1,817 shares during the period. Blue Trust Inc.’s holdings in Norwegian Cruise Line were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at approximately $39,000. Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at approximately $61,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Norwegian Cruise Line during the 3rd quarter worth approximately $78,000. Finally, Quarry LP grew its holdings in Norwegian Cruise Line by 419.1% during the 2nd quarter. Quarry LP now owns 5,669 shares of the company’s stock worth $107,000 after acquiring an additional 4,577 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NCLH shares. Truist Financial upped their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Macquarie upped their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Bank of America increased their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.80.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $24.88 on Friday. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 0.31 and a beta of 2.71. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $26.73. The firm has a fifty day moving average of $20.86 and a 200-day moving average of $18.60.

Norwegian Cruise Line (NYSE:NCLH) last issued 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 company 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%. Norwegian Cruise Line’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current 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.