Utah Retirement Systems Buys 2,200 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Utah Retirement Systems grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,750 shares of the company’s stock after acquiring an additional 2,200 shares during the period. Utah Retirement Systems’ holdings in Norwegian Cruise Line were worth $1,872,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NCLH. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target for the company. BNP Paribas began coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target on the stock. Macquarie raised their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Monday, March 17th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.32.

Norwegian Cruise Line Stock Up 6.6 %

Shares of NYSE:NCLH opened at $17.33 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. 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 stock’s 50-day moving average price is $18.52 and its 200-day moving average price is $23.59. The stock has a market capitalization of $7.62 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

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