Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 61.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,971 shares of the company’s stock after acquiring an additional 6,836 shares during the quarter. Wedmont Private Capital’s holdings in Norwegian Cruise Line were worth $349,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth $44,000. Mendota Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth $66,000. Parkside Financial Bank & Trust grew its holdings in shares of Norwegian Cruise Line by 85.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after acquiring an additional 1,721 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth $82,000. Finally, GAMMA Investing LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth $86,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Barclays decreased their target price on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Stifel Nicolaus raised their target price on Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $21.00 in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.79.

Norwegian Cruise Line Stock Up 0.7 %

NYSE NCLH opened at $17.30 on Friday. The firm has a market cap of $7.42 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 0.29 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $22.75. The stock’s 50 day simple moving average is $17.13 and its 200 day simple moving average is $18.09. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced 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. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. As a group, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne purchased 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the purchase, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

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.