Norwegian Cruise Line Holdings Ltd. $NCLH Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lowered its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,747 shares of the company’s stock after selling 923 shares during the quarter. Emerald Advisers LLC’s holdings in Norwegian Cruise Line were worth $1,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Norwegian Cruise Line by 17.0% in the first quarter. GAMMA Investing LLC now owns 16,697 shares of the company’s stock worth $317,000 after acquiring an additional 2,429 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Norwegian Cruise Line by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,210 shares of the company’s stock valued at $554,000 after buying an additional 3,945 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Norwegian Cruise Line by 14.5% in the first quarter. Sequoia Financial Advisors LLC now owns 12,737 shares of the company’s stock valued at $241,000 after buying an additional 1,616 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Norwegian Cruise Line by 22.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,110 shares of the company’s stock valued at $1,017,000 after buying an additional 9,791 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Norwegian Cruise Line by 46.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 255,726 shares of the company’s stock worth $4,874,000 after purchasing an additional 81,691 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $22.23 on Thursday. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 0.71 and a beta of 2.21. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The stock’s 50 day moving average price is $24.49 and its 200 day moving average price is $21.70.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). Norwegian Cruise Line had a return on equity of 59.88% and a net margin of 7.52%.The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of research reports. Susquehanna raised their price target on Norwegian Cruise Line from $18.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays lifted their price objective on Norwegian Cruise Line from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Jefferies Financial Group lifted their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. UBS Group increased their price target on Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Finally, Stifel Nicolaus increased their target price on Norwegian Cruise Line from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Three 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’s stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Moderate Buy” and a consensus price target of $27.80.

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.