Xponance Inc. Purchases 30,794 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Xponance Inc. raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 67.5% in the second quarter, HoldingsChannel reports. The firm owned 76,425 shares of the company’s stock after acquiring an additional 30,794 shares during the period. Xponance Inc.’s holdings in Norwegian Cruise Line were worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NCLH. Public Sector Pension Investment Board increased its holdings in shares of Norwegian Cruise Line by 13.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 72,699 shares of the company’s stock valued at $1,366,000 after acquiring an additional 8,858 shares during the period. ProShare Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 76.0% in the 2nd quarter. ProShare Advisors LLC now owns 132,900 shares of the company’s stock valued at $2,497,000 after acquiring an additional 57,402 shares during the period. Sei Investments Co. increased its holdings in shares of Norwegian Cruise Line by 13.9% in the 2nd quarter. Sei Investments Co. now owns 148,647 shares of the company’s stock valued at $2,793,000 after acquiring an additional 18,167 shares during the period. Columbus Hill Capital Management L.P. purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $23,479,000. Finally, AE Wealth Management LLC purchased a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $196,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of analyst reports. Macquarie lifted their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their price target on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial boosted their target price on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Bank of America boosted their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $22.43.

Norwegian Cruise Line Stock Down 0.6 %

Norwegian Cruise Line stock opened at $20.96 on Friday. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. The business’s 50-day simple moving average is $17.92 and its two-hundred day simple moving average is $18.05. The company has a market cap of $9.22 billion, a PE ratio of 29.94, a PEG ratio of 0.30 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $21.73.

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