Norwegian Cruise Line Holdings Ltd. $NCLH Stock Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 27.7% in the third quarter, Holdings Channel reports. The institutional investor owned 708,641 shares of the company’s stock after buying an additional 153,509 shares during the period. Commonwealth Equity Services LLC’s holdings in Norwegian Cruise Line were worth $10,389,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NCLH. Versant Capital Management Inc lifted its stake in Norwegian Cruise Line by 278.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock valued at $28,000 after acquiring an additional 1,389 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $37,000. Root Financial Partners LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $41,000. Pension & Wealth Management Advisors Inc. acquired a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $48,000. Finally, Financial Network Wealth Advisors LLC boosted its position in Norwegian Cruise Line by 68.3% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 3,937 shares of the company’s stock worth $58,000 after acquiring an additional 1,598 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NCLH shares. Freedom Capital cut shares of Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Wall Street Zen raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Sunday, November 8th. Susquehanna reduced their target price on shares of Norwegian Cruise Line from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. downgraded shares of Norwegian Cruise Line from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $13.00 to $11.00 in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $20.18.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $18.09 on Friday. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.22 and a quick ratio of 0.19. The business has a 50-day moving average of $15.68 and a 200-day moving average of $18.59. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.99 and a beta of 1.99. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $13.63 and a fifty-two week high of $25.13.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 29th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.19. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Norwegian Cruise Line’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company that operates three brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its businesses provide cruise vacations, including onboard dining, entertainment and other guest services, as well as shore excursions at destinations on their itineraries. Norwegian Cruise Line offers contemporary cruise experiences, while Oceania Cruises focuses on destination-oriented travel and cuisine. Regent Seven Seas Cruises offers an all-inclusive luxury cruise experience.