Eagle Asset Management Inc. lessened its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,052,909 shares of the company’s stock after selling 89,463 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.55% of Norwegian Cruise Line worth $60,376,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Equitable Holdings Inc. raised its stake in Norwegian Cruise Line by 4.5% during the second quarter. Equitable Holdings Inc. now owns 31,049 shares of the company’s stock valued at $913,000 after buying an additional 1,350 shares during the last quarter. People s United Financial Inc. bought a new stake in shares of Norwegian Cruise Line in the second quarter worth $254,000. JustInvest LLC grew its holdings in shares of Norwegian Cruise Line by 122.1% in the second quarter. JustInvest LLC now owns 23,570 shares of the company’s stock worth $693,000 after acquiring an additional 12,960 shares during the period. Smith Anglin Financial LLC bought a new stake in Norwegian Cruise Line during the second quarter valued at about $396,000. Finally, abrdn plc grew its holdings in Norwegian Cruise Line by 3.9% during the second quarter. abrdn plc now owns 130,148 shares of the company’s stock valued at $3,827,000 after purchasing an additional 4,886 shares during the period. Institutional investors own 51.72% of the company’s stock.
A number of research firms have recently commented on NCLH. Stifel Nicolaus upped their target price on Norwegian Cruise Line from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, August 9th. Zacks Investment Research lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Tuesday, July 6th. Wolfe Research upgraded Norwegian Cruise Line from a “peer perform” rating to an “outperform” rating and set a $36.00 price objective on the stock in a report on Wednesday, June 16th. JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, June 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.25.
Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, August 5th. The company reported ($1.93) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.00) by $0.07. Norwegian Cruise Line had a negative net margin of 14,870.70% and a negative return on equity of 65.44%. The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $9.14 million. During the same period last year, the firm posted ($2.78) EPS. Norwegian Cruise Line’s quarterly revenue was down 74.0% compared to the same quarter last year. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post -7.1 earnings per share for the current fiscal year.
Norwegian Cruise Line Profile
Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.
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