Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 71.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,275 shares of the company’s stock after buying an additional 13,453 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Norwegian Cruise Line were worth $676,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $27,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line in the second quarter worth approximately $39,000. Blue Trust Inc. increased its stake in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after acquiring an additional 1,817 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line in the first quarter valued at $61,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at $78,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday. Mizuho lifted their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Citigroup upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their target price for the company from $20.00 to $30.00 in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Hold” and an average price target of $25.80.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $24.88 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $26.73. The stock has a market capitalization of $10.94 billion, a PE ratio of 22.83, a PEG ratio of 0.33 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.22 and a current ratio of 0.20. The stock has a 50-day simple moving average of $20.86 and a 200-day simple moving average of $18.61.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

Norwegian Cruise Line 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.