Susquehanna Fundamental Investments LLC Buys 114,195 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Susquehanna Fundamental Investments LLC increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 54.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 325,211 shares of the company’s stock after purchasing an additional 114,195 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Norwegian Cruise Line were worth $6,111,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line during the 1st quarter valued at $39,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter valued at $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line in the 4th quarter worth $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Norwegian Cruise Line in the first quarter valued at about $61,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NCLH. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays boosted their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America boosted their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line Stock Down 0.6 %

Shares of Norwegian Cruise Line stock opened at $20.95 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $21.73. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 0.30 and a beta of 2.70. The company has a 50-day moving average of $17.92 and a 200 day moving average of $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 announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate 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.