Emerald Mutual Fund Advisers Trust Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Emerald Mutual Fund Advisers Trust bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,143 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds also recently bought and sold shares of the company. Granahan Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at about $7,634,000. Vanguard Group Inc. grew its holdings in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth approximately $1,645,000. New Wave Wealth Advisors LLC grew its holdings in shares of Norwegian Cruise Line by 5,467.9% in the first quarter. New Wave Wealth Advisors LLC now owns 18,374 shares of the company’s stock worth $348,000 after purchasing an additional 18,044 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Norwegian Cruise Line by 41.4% in the fourth quarter. Deutsche Bank AG now owns 1,881,398 shares of the company’s stock worth $48,408,000 after purchasing an additional 551,251 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 2.5%

Shares of NYSE:NCLH opened at $22.58 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 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The company has a market cap of $10.09 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.39 and a beta of 2.13. The stock has a 50 day moving average of $19.12 and a 200 day moving average of $21.16.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

NCLH has been the topic of several recent analyst reports. Northcoast Research initiated coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They issued a “buy” rating and a $21.00 target price on the stock. Susquehanna cut their target price on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Morgan Stanley cut their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Finally, Citigroup lifted their price target on shares of Norwegian Cruise Line from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average price target of $25.16.

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.