Knights of Columbus Asset Advisors LLC Grows Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Knights of Columbus Asset Advisors LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 224.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 263,700 shares of the company’s stock after purchasing an additional 182,430 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Norwegian Cruise Line were worth $5,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in shares of Norwegian Cruise Line by 5,020.8% during the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after acquiring an additional 1,205 shares during the period. Parkside Financial Bank & Trust raised its stake in Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock worth $40,000 after purchasing an additional 1,358 shares during the period. Larson Financial Group LLC raised its stake in Norwegian Cruise Line by 38.0% during the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after purchasing an additional 984 shares during the period. Exchange Traded Concepts LLC acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at about $64,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

NCLH has been the subject of several analyst reports. Morgan Stanley increased their price objective on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Barclays upped their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price target for the company. Mizuho assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $18.29 on Friday. The business has a 50-day simple moving average of $18.74 and a 200-day simple moving average of $17.31. The company has a market cap of $7.79 billion, a PE ratio of 65.32, a P/E/G ratio of 0.38 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.41 and a one year high of $22.75. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same period in the prior year, the company posted ($1.10) earnings per share. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal 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.