Mufg Securities Americas Inc. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mufg Securities Americas Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,492 shares of the company’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Man Group plc raised its position in shares of Norwegian Cruise Line by 156.9% during the 4th quarter. Man Group plc now owns 611,228 shares of the company’s stock valued at $15,727,000 after purchasing an additional 373,284 shares during the period. Nuveen Asset Management LLC raised its position in shares of Norwegian Cruise Line by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 940,045 shares of the company’s stock valued at $24,187,000 after purchasing an additional 3,239 shares during the period. Numerai GP LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $2,202,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Norwegian Cruise Line by 5.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,344 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,220 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $47,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Price Performance

NCLH stock opened at $19.27 on Friday. 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 current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a 50-day moving average price of $17.93 and a 200 day moving average price of $23.21. The stock has a market cap of $8.61 billion, a PE ratio of 17.68, a P/E/G ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data 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 net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the firm earned $0.16 earnings per share. Norwegian Cruise Line’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NCLH shares. Morgan Stanley cut their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. Bank of America cut their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Barclays dropped their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.05.

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.