Summit Trail Advisors LLC Boosts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Summit Trail Advisors LLC increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 54.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,616 shares of the company’s stock after acquiring an additional 9,332 shares during the period. Summit Trail Advisors LLC’s holdings in Norwegian Cruise Line were worth $505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC boosted its stake in Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company’s stock worth $348,000 after buying an additional 18,044 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Norwegian Cruise Line by 1.7% in the 1st quarter. Amalgamated Bank now owns 92,190 shares of the company’s stock worth $1,748,000 after acquiring an additional 1,568 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Norwegian Cruise Line by 46.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 255,726 shares of the company’s stock valued at $4,874,000 after purchasing an additional 81,691 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of Norwegian Cruise Line by 380.0% in the 1st quarter. U S Global Investors Inc. now owns 24,000 shares of the company’s stock valued at $455,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Norwegian Cruise Line by 22.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,110 shares of the company’s stock valued at $1,017,000 after purchasing an additional 9,791 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NCLH shares. Stifel Nicolaus lowered their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. BNP Paribas initiated coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 target price for the company. The Goldman Sachs Group dropped their target price on Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Wall Street Zen cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus target price of $24.84.

Norwegian Cruise Line Trading Up 1.8%

NYSE NCLH opened at $21.35 on Thursday. 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 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The stock’s fifty day moving average price is $18.40 and its 200-day moving average price is $21.39. The stock has a market cap of $9.54 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.36 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

About Norwegian Cruise Line

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.