Northwestern Mutual Wealth Management Co. Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)


Northwestern Mutual Wealth Management Co. increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE: NCLHGet a rating) by 10.7% in Q1, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor held 39,828 shares of the company after acquiring 3,845 additional shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Norwegian Cruise Line were worth $871,000 at the end of last quarter.

Several other hedge funds and other institutional investors have also recently added or reduced their stakes in the company. US Asset Management LLC bought a new position in Norwegian Cruise Line in Q1 for about $28,000. DeDora Capital Inc. bought a new position in Norwegian Cruise Line in Q1 worth approximately $29,000. Stonebridge Capital Advisors LLC increased its stake in Norwegian Cruise Line by 115.4% in Q4. Stonebridge Capital Advisors LLC now owns 1,400 shares of the company worth $29,000 after purchasing an additional 750 shares during the period. Gables Capital Management Inc. bought a new position in Norwegian Cruise Line in Q1 worth approximately $33,000. Finally, City State Bank bought a new position in Norwegian Cruise Line in the 4th quarter for a value of approximately $33,000. 56.13% of the shares are held by hedge funds and other institutional investors.

Performance of Norwegian Cruise Line shares

Shares of Norwegian Cruise Line Stock opened at $13.18 on Friday. The company has a market capitalization of $5.55 billion, a P/E ratio of -1.34 and a beta of 2.47. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt ratio of 13.57. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $10.31 and a 12-month high of $29.45. The stock’s fifty-day moving average price is $12.25 and its 200-day moving average price is $16.64.

Norwegian Cruise Line (NYSE: NCLHGet a rating) last announced its quarterly results on Tuesday, August 9. The company reported ($1.14) EPS for the quarter, missing the ($0.87) consensus estimate of ($0.27). Norwegian Cruise Line had a negative net margin of 166.44% and a negative return on equity of 148.50%. The company posted revenue of $1.19 billion for the quarter, versus $1.25 billion for analysts. In the same quarter of the previous year, the company recorded EPS of ($1.93). The company’s quarterly revenue increased 26,881.8% year over year. On average, equity research analysts expect Norwegian Cruise Line Holdings Ltd. shows earnings per share of -3.89 for the current fiscal year.

Insider Buying and Selling at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Russell W. Galbut bought 100,000 shares in a trade on Monday, May 23. The shares were acquired at an average price of $15.12 per share, with a total value of $1,512,000.00. Following the completion of the acquisition, the administrator now owns 489,917 shares of the company, valued at $7,407,545.04. The acquisition was disclosed in an SEC filing, available at this link. 0.77% of the shares are held by insiders.

Changes to analyst ratings

A number of research analysts have recently commented on NCLH shares. Susquehanna Bancshares lowered its price target on Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a Wednesday, August 10 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Norwegian Cruise Line from $17.00 to $16.00 and set a “holding” rating for the company in a Wednesday, Aug. 10 research report. Susquehanna lowered its target price on Norwegian Cruise Line from $20.00 to $15.00 and gave the company a “positive” rating in a Wednesday, August 10 research report. UBS Group lowered its price target on Norwegian Cruise Line to $18.00 and set a “holding” rating for the company in a Thursday, May 19 research report. Finally, Credit Suisse Group lowered its price target on Norwegian Cruise Line from $33.00 to $25.00 and set an “outperform” rating for the company in a Wednesday, Aug. 10 research report. Seven equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.31.

About Norwegian Cruise Line

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Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise line in North America, Europe, Asia-Pacific and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to 180 days with stopovers in various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Islands, Alaska, Canada and New England, Hawaii, Asia , in Tahiti and the South Pacific, in Australia and New Zealand, Africa, India, South America, Panama Canal and the Caribbean.

Further reading

Institutional ownership by quarter for Norwegian Cruise Line (NYSE: NCLH)



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