Handelsbanken Fonder AB increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,500 shares of the company’s stock after purchasing an additional 20,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Norwegian Cruise Line were worth $985,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Norwegian Cruise Line by 1.9% during the third quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock worth $530,678,000 after purchasing an additional 863,553 shares during the period. BlackRock Inc. raised its position in shares of Norwegian Cruise Line by 4.2% in the first quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock valued at $483,242,000 after purchasing an additional 882,556 shares during the period. Capital International Investors boosted its holdings in shares of Norwegian Cruise Line by 15.7% during the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after buying an additional 2,875,079 shares during the period. State Street Corp grew its stake in Norwegian Cruise Line by 1.5% in the 3rd quarter. State Street Corp now owns 13,425,929 shares of the company’s stock valued at $152,519,000 after buying an additional 204,338 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Norwegian Cruise Line by 13.4% during the first quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock worth $125,019,000 after acquiring an additional 677,268 shares during the period. 57.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NCLH has been the topic of several recent research reports. Credit Suisse Group reiterated an “underperform” rating and set a $13.00 price objective on shares of Norwegian Cruise Line in a research report on Wednesday, March 1st. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $21.00 to $22.00 in a report on Tuesday. StockNews.com assumed coverage on Norwegian Cruise Line in a report on Thursday, March 16th. They set a “sell” rating on the stock. Citigroup dropped their target price on shares of Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Norwegian Cruise Line in a research report on Friday, April 28th. They set a “neutral” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.50.
Norwegian Cruise Line Price Performance
Norwegian Cruise Line (NYSE:NCLH – Get Rating) last posted its earnings results on Monday, May 1st. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.21. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Norwegian Cruise Line had a negative net margin of 23.54% and a negative return on equity of 448.59%. Norwegian Cruise Line’s revenue was up 249.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.90) EPS. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.42 EPS for the current year.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.
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