Susquehanna Fundamental Investments LLC Buys New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Susquehanna Fundamental Investments LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,984 shares of the company’s stock, valued at approximately $1,209,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NCLH. Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth $272,000. Cookson Peirce & Co. Inc. bought a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $654,000. Jupiter Asset Management Ltd. grew its holdings in Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Norwegian Cruise Line by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock worth $91,285,000 after acquiring an additional 47,507 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $416,000. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NCLH shares. Susquehanna decreased their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday. Loop Capital decreased their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday. Bank of America cut their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.32.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $16.24 on Friday. The company has a market cap of $7.14 billion, a PE ratio of 14.89, a P/E/G ratio of 0.24 and a beta of 2.27. The firm’s 50 day moving average price is $18.67 and its 200-day moving average price is $23.64. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.