CoreCap Advisors LLC Has $358,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

CoreCap Advisors LLC grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 77.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,900 shares of the company’s stock after buying an additional 6,063 shares during the quarter. CoreCap Advisors LLC’s holdings in Norwegian Cruise Line were worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted 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 worth $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line in the 4th quarter valued at $31,000. 69.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NCLH. Bank of America cut their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. StockNews.com lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Macquarie dropped their price target on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday. BNP Paribas began coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Loop Capital dropped their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.05.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $17.66 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The business has a 50-day moving average of $17.98 and a 200-day moving average of $23.36. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share 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 analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

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.