Toronto Dominion Bank Decreases Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Toronto Dominion Bank decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 14.8% in the second quarter, Holdings Channel reports. The firm owned 178,107 shares of the company’s stock after selling 30,915 shares during the period. Toronto Dominion Bank’s holdings in Norwegian Cruise Line were worth $3,347,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Research Global Investors lifted its position in Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares during the period. Vanguard Group Inc. increased its stake in shares of Norwegian Cruise Line by 0.7% in the first 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 during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Norwegian Cruise Line by 120.9% during the first 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 during the last quarter. Capital International Investors lifted its position in Norwegian Cruise Line by 0.5% during the first quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $85,835,000 after purchasing an additional 1,129,770 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 0.6 %

NCLH stock opened at $20.95 on Monday. 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 50-day moving average of $17.92 and a two-hundred day moving average of $18.02. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.30 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America raised their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Tigress Financial reiterated 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line Company 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.