Mackenzie Financial Corp Acquires 212,787 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mackenzie Financial Corp boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 26.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,008,327 shares of the company’s stock after purchasing an additional 212,787 shares during the quarter. Mackenzie Financial Corp owned about 0.24% of Norwegian Cruise Line worth $18,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in Norwegian Cruise Line by 87.8% during the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock valued at $1,143,285,000 after purchasing an additional 26,676,150 shares during the period. Vanguard Group Inc. grew its holdings in Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after buying an additional 324,287 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Norwegian Cruise Line by 120.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after buying an additional 12,313,426 shares in the last quarter. Capital International Investors grew its holdings in Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after buying an additional 102,948 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Norwegian Cruise Line by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after buying an additional 1,129,770 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NCLH opened at $20.95 on Monday. The business has a fifty day moving average of $17.92 and a 200 day moving average of $18.02. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $21.73. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The stock has a market cap of $8.99 billion, a P/E ratio of 29.93, a PEG ratio of 0.30 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data 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. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the business earned $0.20 EPS. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NCLH. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial raised their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday. Tigress Financial restated a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.43.

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.