ProShare Advisors LLC Increases Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ProShare Advisors LLC boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 76.0% in the second quarter, HoldingsChannel reports. The firm owned 132,900 shares of the company’s stock after purchasing an additional 57,402 shares during the period. ProShare Advisors LLC’s holdings in Norwegian Cruise Line were worth $2,497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NCLH. Capital Research Global Investors grew its stake in Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after purchasing an additional 26,676,150 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after acquiring an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Capital International Investors raised its position in shares of Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after acquiring an additional 102,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on NCLH shares. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Barclays increased their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Tigress Financial restated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Bank of America increased their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, StockNews.com lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and a consensus price target of $22.43.

Norwegian Cruise Line Price Performance

NCLH stock opened at $20.96 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The firm has a 50-day moving average of $17.92 and a two-hundred day moving average of $18.05. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The firm has a market capitalization of $9.22 billion, a PE ratio of 29.94, a P/E/G ratio of 0.30 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current 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.