Allspring Global Investments Holdings LLC Grows Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Allspring Global Investments Holdings LLC increased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,496 shares of the company’s stock after purchasing an additional 8,890 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Norwegian Cruise Line were worth $3,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Norwegian Cruise Line in the 1st quarter worth approximately $27,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at $39,000. Blue Trust Inc. boosted its holdings in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the period. Fidelis Capital Partners LLC bought a new position in Norwegian Cruise Line in the 1st quarter worth $61,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at about $80,000. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research reports. Macquarie increased their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Bank of America increased their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Susquehanna increased their price objective on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Tigress Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and a consensus price target of $23.63.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $23.77 on Tuesday. The firm has a market capitalization of $10.45 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The company’s 50-day moving average is $20.22 and its 200 day moving average is $18.42. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $24.80. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

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 the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.38 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.