Amalgamated Bank Has $2.72 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Amalgamated Bank grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 61.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,586 shares of the company’s stock after purchasing an additional 55,142 shares during the period. Amalgamated Bank’s holdings in Norwegian Cruise Line were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Research Global Investors grew its stake in shares of Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after buying an additional 26,676,150 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Norwegian Cruise Line by 58.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after purchasing an additional 1,141,086 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Norwegian Cruise Line during the second quarter worth about $15,213,000. Finally, Hodges Capital Management Inc. increased its stake in shares of Norwegian Cruise Line by 33.0% in the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock valued at $28,588,000 after buying an additional 377,233 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.99 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $21.73. The stock has a market capitalization of $9.01 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 0.27 and a beta of 2.70. The company’s 50-day moving average is $17.85 and its 200-day moving average is $18.00. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating 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 analysts’ expectations of $2.38 billion. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NCLH shares. Susquehanna upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. The Goldman Sachs Group upped their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Barclays raised their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.17.

Norwegian Cruise Line 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.