International Assets Investment Management LLC Purchases 422,970 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

International Assets Investment Management LLC increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3,190.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 436,227 shares of the company’s stock after acquiring an additional 422,970 shares during the quarter. International Assets Investment Management LLC’s holdings in Norwegian Cruise Line were worth $8,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in Norwegian Cruise Line during the third quarter worth about $615,000. Bleakley Financial Group LLC lifted its position in Norwegian Cruise Line by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after purchasing an additional 1,281 shares during the period. Van ECK Associates Corp lifted its position in Norwegian Cruise Line by 875.2% during the first quarter. Van ECK Associates Corp now owns 122,448 shares of the company’s stock worth $2,563,000 after purchasing an additional 109,892 shares during the period. Mackenzie Financial Corp lifted its position in 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 purchasing an additional 212,787 shares during the period. Finally, American Century Companies Inc. lifted its position in Norwegian Cruise Line by 69.5% during the second quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after purchasing an additional 267,155 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 1.1 %

Shares of NYSE NCLH opened at $23.85 on Thursday. The company has a 50 day simple moving average of $20.54 and a 200 day simple moving average of $18.50. The firm has a market cap of $10.49 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $24.80. 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 released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.20 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the subject of a number of research reports. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Citigroup raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Susquehanna increased their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Truist Financial increased their target price 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.73.

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.