Algert Global LLC Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Algert Global LLC raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 375.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,401 shares of the company’s stock after acquiring an additional 183,521 shares during the quarter. Algert Global LLC owned approximately 0.05% of Norwegian Cruise Line worth $4,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC grew its holdings in shares of Norwegian Cruise Line by 54.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 325,211 shares of the company’s stock worth $6,111,000 after buying an additional 114,195 shares in the last quarter. Shellback Capital LP purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth about $5,637,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth about $1,879,000. Mackenzie Financial Corp grew its holdings in shares of Norwegian Cruise Line by 26.7% during the second quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after buying an additional 212,787 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Norwegian Cruise Line during the second quarter worth about $3,469,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 2.1 %

Shares of NCLH stock opened at $20.51 on Tuesday. The firm’s 50 day moving average price is $17.94 and its two-hundred day moving average price is $18.03. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two 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 $8.80 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.30 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 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NCLH shares. Truist Financial lifted their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Barclays boosted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Susquehanna boosted their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.43.

Norwegian Cruise Line Company 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.