Price T Rowe Associates Inc. MD Acquires 12,313,426 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Price T Rowe Associates Inc. MD boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 120.9% in the 1st quarter, HoldingsChannel reports. The firm owned 22,498,217 shares of the company’s stock after purchasing an additional 12,313,426 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.05% of Norwegian Cruise Line worth $470,889,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Norwegian Cruise Line by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after purchasing an additional 537 shares during the period. State of Michigan Retirement System boosted its position in shares of Norwegian Cruise Line by 0.7% during the 4th quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Norwegian Cruise Line by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $109,000 after acquiring an additional 888 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Norwegian Cruise Line by 2.5% during the 1st quarter. Fifth Third Bancorp now owns 40,039 shares of the company’s stock valued at $838,000 after acquiring an additional 980 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its position in shares of Norwegian Cruise Line by 3.1% during the 4th quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock valued at $682,000 after acquiring an additional 1,013 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NCLH has been the subject of a number of research reports. Bank of America increased their target price on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on Norwegian Cruise Line from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Susquehanna lowered their price target on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their target price for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Finally, Citigroup increased their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.88.

Insider Transactions at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 13,360 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the completion of the purchase, the director now owns 13,360 shares of the company’s stock, valued at $220,440. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Norwegian Cruise Line Stock Down 0.2 %

Shares of NCLH stock traded down $0.03 during trading hours on Monday, reaching $18.44. 3,086,511 shares of the company’s stock were exchanged, compared to its average volume of 12,753,835. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.12. The stock has a market cap of $7.91 billion, a PE ratio of 26.39, a PEG ratio of 0.30 and a beta of 2.69. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock’s fifty day moving average price is $17.90 and its two-hundred day moving average price is $18.00.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current year.

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.