American Century Companies Inc. Grows Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

American Century Companies Inc. grew its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 69.5% during the second quarter, Holdings Channel.com reports. The fund owned 651,472 shares of the company’s stock after purchasing an additional 267,155 shares during the quarter. American Century Companies Inc.’s holdings in Norwegian Cruise Line were worth $12,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in shares of Norwegian Cruise Line in the 1st quarter worth $27,000. YHB Investment Advisors Inc. bought a new position in Norwegian Cruise Line during the 1st quarter worth about $39,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at about $39,000. 1832 Asset Management L.P. purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $44,000. Finally, Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter valued at approximately $61,000. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, May 28th. Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Bank of America increased their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.17.

Norwegian Cruise Line Stock Performance

NCLH opened at $20.89 on Friday. 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 Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $21.73. The firm has a 50 day moving average of $17.82 and a two-hundred day moving average of $18.00. The firm has a market capitalization of $8.96 billion, a PE ratio of 29.84, a P/E/G ratio of 0.27 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company posted $0.20 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS 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.