DekaBank Deutsche Girozentrale Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

DekaBank Deutsche Girozentrale grew its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 53.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,768 shares of the company’s stock after buying an additional 6,535 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Norwegian Cruise Line were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NCLH. Bleakley Financial Group LLC lifted its stake in shares of Norwegian Cruise Line by 9.3% in the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock valued at $316,000 after purchasing an additional 1,281 shares during the period. Van ECK Associates Corp boosted its stake in shares of Norwegian Cruise Line by 875.2% during the 1st quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after acquiring an additional 109,892 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Norwegian Cruise Line by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock worth $4,031,000 after acquiring an additional 10,174 shares during the period. Dimensional Fund Advisors LP increased its stake in Norwegian Cruise Line by 58.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock valued at $62,240,000 after purchasing an additional 1,141,086 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Norwegian Cruise Line during the first quarter worth $87,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 3.4 %

NYSE NCLH opened at $20.89 on Friday. The company has a market cap of $8.96 billion, a P/E ratio of 29.84, a P/E/G ratio of 0.27 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. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company has a 50-day moving average of $17.82 and a 200-day moving average of $18.01.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm 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 in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Bank of America upped their price target on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. Finally, Susquehanna increased their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.17.

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.