Magnolia Capital Advisors LLC Takes $193,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Magnolia Capital Advisors LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,277 shares of the company’s stock, valued at approximately $193,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NCLH. Capital Research Global Investors lifted its stake in Norwegian Cruise Line by 87.8% during the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after purchasing an additional 26,676,150 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after purchasing an additional 12,313,426 shares during the last quarter. Columbus Hill Capital Management L.P. bought a new position in Norwegian Cruise Line during the second quarter worth $23,479,000. Dimensional Fund Advisors LP lifted its stake in Norwegian Cruise Line by 32.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after purchasing an additional 1,129,770 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Norwegian Cruise Line during the second quarter worth $15,213,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NCLH shares. Macquarie raised their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Truist Financial raised their price objective on Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Bank of America raised their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on Norwegian Cruise Line from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Morgan Stanley raised their target price on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Two research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $20.51 on Tuesday. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.30 and a beta of 2.70. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The stock’s fifty day moving average is $17.94 and its 200-day moving average is $18.03.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 105.44% and a net margin of 4.62%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

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.