Commonwealth Equity Services LLC Has $21.54 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Commonwealth Equity Services LLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 31.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,146,590 shares of the company’s stock after buying an additional 276,241 shares during the quarter. Commonwealth Equity Services LLC owned 0.27% of Norwegian Cruise Line worth $21,544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at $80,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 0.2 %

Shares of Norwegian Cruise Line stock opened at $17.89 on Tuesday. 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 $21.73. The business has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $17.89. The stock has a market cap of $7.68 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 0.26 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data 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 business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

NCLH has been the topic of several recent analyst reports. Susquehanna boosted their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price target on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price target on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus price target of $22.38.

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.