Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 13.9% in the second quarter, HoldingsChannel reports. The firm owned 72,699 shares of the company’s stock after purchasing an additional 8,858 shares during the period. Public Sector Pension Investment Board’s holdings in Norwegian Cruise Line were worth $1,366,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in Norwegian Cruise Line by 76.0% during the second quarter. ProShare Advisors LLC now owns 132,900 shares of the company’s stock valued at $2,497,000 after buying an additional 57,402 shares in the last quarter. 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 last quarter. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line during the second quarter worth $23,479,000. AE Wealth Management LLC bought a new position in Norwegian Cruise Line during the second quarter worth $196,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Norwegian Cruise Line by 553.7% in the second quarter. Canada Pension Plan Investment Board now owns 366,100 shares of the company’s stock worth $6,879,000 after purchasing an additional 310,094 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $19.91 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $21.73. The firm has a market capitalization of $8.54 billion, a PE ratio of 28.44, a P/E/G ratio of 0.30 and a beta of 2.70. The company’s 50 day simple moving average is $17.93 and its 200 day simple moving average is $18.04. 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 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 company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

NCLH has been the subject of several research reports. Susquehanna lifted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays upped their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley increased their target price on Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Finally, Tigress Financial reissued a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.