Man Group plc Increases Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Man Group plc increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 156.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,228 shares of the company’s stock after buying an additional 373,284 shares during the quarter. Man Group plc owned 0.14% of Norwegian Cruise Line worth $15,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors grew its stake in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. Geode Capital Management LLC grew its stake in Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after purchasing an additional 270,434 shares during the last quarter. Renaissance Technologies LLC grew its stake in Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Norwegian Cruise Line by 16.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company’s stock valued at $115,570,000 after purchasing an additional 642,380 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NCLH has been the topic of several research analyst reports. Northcoast Research started coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They set a “buy” rating and a $21.00 price target on the stock. Jefferies Financial Group started coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 target price on the stock. Barclays lowered their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Bank of America lowered their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, BNP Paribas started coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.05.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $19.27 on Friday. The stock has a 50-day moving average of $17.93 and a 200 day moving average of $23.21. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.24 and a beta of 2.09. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH) last announced its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the company earned $0.16 EPS. Norwegian Cruise Line’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Norwegian Cruise Line Profile

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.