Signature Estate & Investment Advisors LLC Invests $358,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Signature Estate & Investment Advisors LLC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,048 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NCLH. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in Norwegian Cruise Line during the 1st quarter valued at about $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $44,000. Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $61,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $80,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Tigress Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, May 21st. UBS Group raised their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, Mizuho raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.38.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH traded up $0.25 on Tuesday, reaching $17.70. 1,594,205 shares of the company’s stock were exchanged, compared to its average volume of 12,887,290. The company has a fifty day moving average of $17.62 and a 200-day moving average of $17.84. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $21.73. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.29 and a beta of 2.69. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current fiscal year.

Insider Transactions at Norwegian Cruise Line

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

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.