Fourth Dimension Wealth LLC Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Fourth Dimension Wealth LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,309 shares of the company’s stock, valued at approximately $120,000.

Several other hedge funds have also modified their holdings of the stock. United Capital Financial Advisors LLC lifted its holdings in shares of Norwegian Cruise Line by 3.7% during the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock valued at $358,000 after purchasing an additional 498 shares during the last quarter. Scotia Capital Inc. lifted its stake in Norwegian Cruise Line by 0.5% in the 4th quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock worth $2,928,000 after acquiring an additional 540 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Norwegian Cruise Line by 35.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company’s stock worth $65,000 after acquiring an additional 654 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock worth $86,000 after acquiring an additional 754 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Down 1.2%

Shares of Norwegian Cruise Line stock opened at $18.64 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The business has a fifty day simple moving average of $17.88 and a 200 day simple moving average of $21.64. The stock has a market cap of $8.33 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.32 and a beta of 2.12.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $0.16 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NCLH. Truist Financial cut their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, May 19th. Wall Street Zen downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Susquehanna cut their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Bank of America cut their price target on 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. Finally, Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a report on Monday, March 31st. They set a “buy” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.16.

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.