Cetera Investment Advisers Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cetera Investment Advisers lowered its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,401 shares of the company’s stock after selling 8,754 shares during the quarter. Cetera Investment Advisers’ holdings in Norwegian Cruise Line were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Norwegian Cruise Line in the first quarter worth about $27,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line during the second quarter valued at $39,000. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter valued at $61,000. Redmont Wealth Advisors LLC bought a new stake in Norwegian Cruise Line in the first quarter worth $80,000. Finally, Mather Group LLC. purchased a new stake in shares of Norwegian Cruise Line in the first quarter worth $87,000. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NCLH. Bank of America lifted their target price on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Macquarie upped their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the company from $20.00 to $30.00 in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Susquehanna increased their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $23.30.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $23.35 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $23.82. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The firm has a 50 day moving average of $18.59 and a 200 day moving average of $18.11.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current year.

Norwegian Cruise Line Company 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.