Vanguard Capital Wealth Advisors purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,800 shares of the company’s stock, valued at approximately $692,000.
Several other hedge funds and other institutional investors have also made changes to their positions in NCLH. Legacy Financial Advisors Inc. increased its holdings in Norwegian Cruise Line by 84.5% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 30,352 shares of the company’s stock valued at $641,000 after acquiring an additional 13,897 shares in the last quarter. Headlands Technologies LLC acquired a new position in Norwegian Cruise Line during the second quarter worth about $1,837,000. New Mexico Educational Retirement Board lifted its holdings in shares of Norwegian Cruise Line by 9.2% in the second quarter. New Mexico Educational Retirement Board now owns 22,600 shares of the company’s stock valued at $477,000 after purchasing an additional 1,900 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $2,758,000. Finally, Handelsbanken Fonder AB grew its position in shares of Norwegian Cruise Line by 19.2% in the second quarter. Handelsbanken Fonder AB now owns 149,000 shares of the company’s stock valued at $3,145,000 after purchasing an additional 24,000 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.
Norwegian Cruise Line Stock Performance
NYSE:NCLH opened at $15.43 on Wednesday. The firm has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $19.34. The company has a debt-to-equity ratio of 5.40, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market cap of $7.08 billion, a PE ratio of 9.64, a P/E/G ratio of 1.06 and a beta of 1.88. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.53 and a 1-year high of $27.18.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research note on Monday, June 1st. They set a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus reduced their target price on Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Citigroup lowered their target price on Norwegian Cruise Line from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, July 31st. BMO Capital Markets assumed coverage on Norwegian Cruise Line in a research report on Tuesday, July 7th. They set a “market perform” rating and a $21.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Norwegian Cruise Line from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average price target of $21.05.
View Our Latest Research Report on NCLH
Norwegian Cruise Line Company Profile
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.
Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.
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