AE Wealth Management LLC Buys Shares of 10,453 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

AE Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,453 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of Norwegian Cruise Line by 87.8% in the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring 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 in the last quarter. 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 in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line during the second quarter worth $15,213,000. Finally, Hodges Capital Management Inc. grew its stake in shares of Norwegian Cruise Line by 33.0% in the second quarter. Hodges Capital Management Inc. now owns 1,521,440 shares of the company’s stock valued at $28,588,000 after buying an additional 377,233 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NCLH shares. JPMorgan Chase & Co. boosted their price target on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Stifel Nicolaus upped their target price 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. Truist Financial raised their price target on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America upped their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Two equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $20.95 on Friday. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 0.30 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The stock’s fifty day simple moving average is $17.92 and its 200-day simple moving average is $18.04.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal 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.