Shellback Capital LP Acquires New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Shellback Capital LP acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 300,000 shares of the company’s stock, valued at approximately $5,637,000.

A number of other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in shares of Norwegian Cruise Line by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after acquiring an additional 1,281 shares during the period. Van ECK Associates Corp lifted its position in Norwegian Cruise Line by 875.2% in the first quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock valued at $2,563,000 after purchasing an additional 109,892 shares during the period. Wellington Management Group LLP boosted its holdings in Norwegian Cruise Line by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock valued at $4,031,000 after purchasing an additional 10,174 shares in the last quarter. Mather Group LLC. acquired a new position in Norwegian Cruise Line during the 1st quarter worth approximately $87,000. Finally, American Century Companies Inc. raised its stake in shares of Norwegian Cruise Line by 69.5% during the 2nd quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after buying an additional 267,155 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 analyst reports. Susquehanna lifted 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 target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Truist Financial upped their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. Macquarie raised their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.43.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $21.08 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The stock has a market cap of $9.27 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 0.30 and a beta of 2.70. The business’s fifty day moving average price is $17.90 and its two-hundred day moving average price is $18.04. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last posted 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 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 business posted $0.20 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal 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.