Columbus Hill Capital Management L.P. Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Columbus Hill Capital Management L.P. acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,249,547 shares of the company’s stock, valued at approximately $23,479,000. Norwegian Cruise Line accounts for approximately 4.8% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 8th biggest position. Columbus Hill Capital Management L.P. owned 0.29% of Norwegian Cruise Line as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NCLH. Dimensional Fund Advisors LP increased its stake in shares of 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. Norges Bank purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $83,243,000. PNC Financial Services Group Inc. raised its stake in shares of Norwegian Cruise Line by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 93,310 shares of the company’s stock worth $1,870,000 after buying an additional 7,708 shares during the period. United Services Automobile Association purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $203,000. Finally, Focus Financial Network Inc. ADV acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at $381,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 3.4 %

Shares of NCLH stock opened at $20.89 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $21.73. The company’s 50-day moving average price is $17.82 and its 200-day moving average price is $18.01. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last posted 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. 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 equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Mizuho upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. The Goldman Sachs Group raised their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Morgan Stanley boosted their price target 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. Two 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.