Louisiana State Employees Retirement System Boosts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Louisiana State Employees Retirement System lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,800 shares of the company’s stock after purchasing an additional 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Norwegian Cruise Line were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the 1st quarter worth $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter worth $39,000. Blue Trust Inc. increased its stake in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line in the 1st quarter worth $61,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth $78,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 3.1 %

NYSE:NCLH opened at $25.94 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $26.73. The firm has a fifty day simple moving average of $21.02 and a 200-day simple moving average of $18.66. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $11.41 billion, a P/E ratio of 23.80, a PEG ratio of 0.27 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Norwegian Cruise Line from $17.50 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial raised their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Susquehanna raised their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.80.

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.