Apollon Wealth Management LLC Buys 6,673 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Apollon Wealth Management LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 47.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,731 shares of the company’s stock after purchasing an additional 6,673 shares during the period. Apollon Wealth Management LLC’s holdings in Norwegian Cruise Line were worth $420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Norwegian Cruise Line by 1.2% in the first quarter. Vanguard Group Inc. now owns 53,960,561 shares of the company’s stock worth $1,023,092,000 after buying an additional 653,279 shares during the period. Invesco Ltd. raised its position in shares of Norwegian Cruise Line by 22.7% in the 1st quarter. Invesco Ltd. now owns 11,477,606 shares of the company’s stock worth $217,615,000 after acquiring an additional 2,122,501 shares in the last quarter. Ariel Investments LLC lifted its stake in shares of Norwegian Cruise Line by 126.8% in the 1st quarter. Ariel Investments LLC now owns 9,081,170 shares of the company’s stock valued at $172,179,000 after purchasing an additional 5,077,531 shares during the period. Northern Trust Corp boosted its position in shares of Norwegian Cruise Line by 2.6% during the first quarter. Northern Trust Corp now owns 4,272,790 shares of the company’s stock valued at $81,012,000 after purchasing an additional 109,396 shares in the last quarter. Finally, Greenhouse Funds LLLP grew its stake in Norwegian Cruise Line by 22.2% in the first quarter. Greenhouse Funds LLLP now owns 4,100,848 shares of the company’s stock worth $77,752,000 after purchasing an additional 744,558 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. TD Cowen assumed coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a “buy” rating and a $31.00 price objective for the company. Barclays lifted their price target on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Bank of America upped their price objective on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Jefferies Financial Group lifted their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Citigroup boosted their price target on Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.80.

Norwegian Cruise Line Trading Down 3.1%

Shares of NYSE NCLH opened at $22.86 on Friday. The firm’s 50 day moving average price is $24.67 and its 200-day moving average price is $21.25. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market cap of $10.33 billion, a PE ratio of 15.77, a P/E/G ratio of 1.03 and a beta of 2.21.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. Norwegian Cruise Line has set its Q3 2025 guidance at 1.140-1.140 EPS. FY 2025 guidance at 2.050-2.050 EPS. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

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.