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

Allspring Global Investments Holdings LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 680.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,606 shares of the company’s stock after purchasing an additional 147,001 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Norwegian Cruise Line were worth $3,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NCLH. Capital Research Global Investors raised its holdings in Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after buying an additional 26,676,150 shares during the last quarter. Vanguard Group Inc. raised its holdings in Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after acquiring an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares in the last quarter. Capital International Investors lifted its position in Norwegian Cruise Line by 0.5% in the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after acquiring an additional 102,948 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $83,243,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $17.89 on Monday. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.26 and a beta of 2.69. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $21.73. The company’s 50 day moving average is $17.70 and its two-hundred day moving average is $17.88. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the previous year, the company earned $0.20 EPS. Norwegian Cruise Line’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NCLH. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $24.00 in a research report on Tuesday, May 28th. Macquarie lifted their price target on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note 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 research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, May 21st. Finally, Susquehanna increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.38.

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.