Rakuten Securities Inc. Buys New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Rakuten Securities Inc. purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,104 shares of the company’s stock, valued at approximately $82,000.

Several other hedge funds have also bought and sold shares of the stock. AE Wealth Management LLC increased its holdings in shares of Norwegian Cruise Line by 2.5% in the third quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock worth $465,000 after purchasing an additional 693 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Norwegian Cruise Line by 7.5% in the 3rd quarter. Geneos Wealth Management Inc. now owns 10,290 shares of the company’s stock worth $170,000 after acquiring an additional 716 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Norwegian Cruise Line by 5.5% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,101 shares of the company’s stock worth $172,000 after acquiring an additional 782 shares in the last quarter. Wealth Management Partners LLC boosted its position in shares of Norwegian Cruise Line by 5.1% during the 3rd quarter. Wealth Management Partners LLC now owns 16,600 shares of the company’s stock valued at $274,000 after acquiring an additional 800 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Norwegian Cruise Line by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of recent research reports. Barclays upped their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 28th. Truist Financial increased their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and set a $25.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Finally, Susquehanna lifted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Trading Up 3.1 %

NYSE NCLH opened at $18.02 on Thursday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 40.94. The stock has a market cap of $7.67 billion, a PE ratio of 64.36, a PEG ratio of 0.36 and a beta of 2.60. The company’s 50-day moving average price is $18.69 and its 200-day moving average price is $17.29. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.41 and a 12 month high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted ($1.10) EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current year.

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.