Quarry LP Grows Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quarry LP raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 419.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,669 shares of the company’s stock after acquiring an additional 4,577 shares during the period. Quarry LP’s holdings in Norwegian Cruise Line were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Norwegian Cruise Line by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after buying an additional 537 shares during the period. Signaturefd LLC boosted its holdings in Norwegian Cruise Line by 5.6% during the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock valued at $251,000 after acquiring an additional 705 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Norwegian Cruise Line by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,713 shares of the company’s stock valued at $258,000 after acquiring an additional 747 shares during the last quarter. GAMMA Investing LLC increased its stake in Norwegian Cruise Line by 20.7% in the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after purchasing an additional 888 shares during the period. Finally, State of Michigan Retirement System lifted its position in shares of Norwegian Cruise Line by 0.8% during the second quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock worth $2,207,000 after purchasing an additional 900 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NCLH. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Bank of America lifted their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Macquarie increased their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Susquehanna increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average target price of $22.43.

Norwegian Cruise Line Stock Down 2.9 %

NYSE:NCLH opened at $19.91 on Wednesday. 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 quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $21.73. The stock has a market capitalization of $8.54 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.30 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last announced its 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 company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

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.