Investment Counselors of Maryland LLC boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 27.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,668 shares of the company’s stock after acquiring an additional 1,422 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in Norwegian Cruise Line were worth $383,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NCLH. Parallel Advisors LLC grew its holdings in Norwegian Cruise Line by 273.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,976 shares of the company’s stock worth $113,000 after acquiring an additional 1,447 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter valued at about $114,000. Allianz Asset Management GmbH acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at approximately $215,000. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $218,000. Finally, Timber Hill LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $222,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on NCLH shares. BidaskClub downgraded shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. dropped their target price on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, August 10th. Stifel Nicolaus raised their target price on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Nomura dropped their target price on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and an average target price of $64.60.
NCLH opened at $48.00 on Thursday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $41.61 and a fifty-two week high of $61.18.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.18. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $1.02 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year.
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About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.
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