Price T Rowe Associates Inc. MD Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Price T Rowe Associates Inc. MD grew its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 120.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,498,217 shares of the company’s stock after purchasing an additional 12,313,426 shares during the period. Price T Rowe Associates Inc. MD owned about 5.24% of Norwegian Cruise Line worth $470,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NCLH. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $39,000. 1832 Asset Management L.P. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $44,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the first quarter worth about $61,000. Mendota Financial Group LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter worth about $66,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Norwegian Cruise Line during the first quarter worth about $80,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

NCLH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Truist Financial upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $21.00 in a report on Wednesday, May 29th. UBS Group increased their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Susquehanna cut their target price on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Bank of America increased their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, ten 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 MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus target price of $21.88.

Insider Buying and Selling at Norwegian Cruise Line

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

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded down $0.03 during trading hours on Monday, reaching $18.44. The stock had a trading volume of 3,086,511 shares, compared to its average volume of 12,753,835. The stock’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $18.00. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $22.12. The firm has a market capitalization of $7.91 billion, a PE ratio of 26.39, a PEG ratio of 0.30 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 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 company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. On average, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current 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.