LRI Investments LLC Invests $47,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

LRI Investments LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,812 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds have also modified their holdings of NCLH. Principal Financial Group Inc. raised its holdings in shares of Norwegian Cruise Line by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after buying an additional 30,182 shares in the last quarter. Czech National Bank raised its holdings in shares of Norwegian Cruise Line by 6.4% in the 4th quarter. Czech National Bank now owns 95,338 shares of the company’s stock worth $2,453,000 after buying an additional 5,769 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Norwegian Cruise Line by 7.6% in the 4th quarter. Wedmont Private Capital now owns 14,653 shares of the company’s stock worth $378,000 after buying an additional 1,038 shares in the last quarter. Cooper Financial Group acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $204,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $416,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 1.0%

NYSE:NCLH opened at $19.34 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market capitalization of $8.64 billion, a P/E ratio of 17.74, a P/E/G ratio of 0.24 and a beta of 2.09. The stock’s fifty day simple moving average is $17.93 and its 200-day simple moving average is $23.31.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

NCLH has been the subject of a number of recent analyst reports. Loop Capital dropped their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Tigress Financial reaffirmed a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Morgan Stanley dropped their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus dropped their price target on Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday, May 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.05.

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.