Redmont Wealth Advisors LLC Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Redmont Wealth Advisors LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,800 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors have also modified their holdings of NCLH. Stifel Financial Corp boosted its holdings in shares of Norwegian Cruise Line by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 391,509 shares of the company’s stock valued at $6,452,000 after buying an additional 15,828 shares in the last quarter. Federated Hermes Inc. boosted its stake in Norwegian Cruise Line by 144.9% in the 3rd quarter. Federated Hermes Inc. now owns 50,555 shares of the company’s stock worth $833,000 after purchasing an additional 29,908 shares in the last quarter. Natixis Advisors L.P. boosted its stake in Norwegian Cruise Line by 5.7% in the 3rd quarter. Natixis Advisors L.P. now owns 65,328 shares of the company’s stock worth $1,077,000 after purchasing an additional 3,549 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Norwegian Cruise Line by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock worth $3,060,000 after purchasing an additional 950 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $610,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NCLH. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Mizuho upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. Finally, Citigroup lifted their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.79.

Insider Activity at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the transaction, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock traded down $0.07 during trading hours on Wednesday, reaching $17.54. 6,121,323 shares of the company’s stock were exchanged, compared to its average volume of 13,082,581. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.75. The company has a market capitalization of $7.53 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 0.31 and a beta of 2.69. The business has a fifty day moving average of $17.12 and a two-hundred day moving average of $18.05. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 earnings per share 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.