Harvest Portfolios Group Inc. Lowers Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harvest Portfolios Group Inc. decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,189 shares of the company’s stock after selling 5,870 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Norwegian Cruise Line were worth $1,542,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NCLH. nVerses Capital LLC purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter valued at $615,000. Bleakley Financial Group LLC grew its holdings in shares of Norwegian Cruise Line by 9.3% during the first quarter. Bleakley Financial Group LLC now owns 15,095 shares of the company’s stock worth $316,000 after buying an additional 1,281 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Norwegian Cruise Line by 26.7% during the 2nd quarter. Mackenzie Financial Corp now owns 1,008,327 shares of the company’s stock worth $18,946,000 after purchasing an additional 212,787 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Norwegian Cruise Line by 69.5% in the 2nd quarter. American Century Companies Inc. now owns 651,472 shares of the company’s stock worth $12,241,000 after acquiring an additional 267,155 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $2,423,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 6.9 %

Norwegian Cruise Line stock opened at $27.73 on Thursday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $27.93. The firm’s 50-day moving average is $21.17 and its 200-day moving average is $18.71. The company has a market cap of $12.19 billion, a P/E ratio of 25.44, a PEG ratio of 0.26 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Thursday, October 31st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $0.71 EPS. Norwegian Cruise Line’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

NCLH has been the topic of several research analyst reports. Mizuho boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Macquarie boosted their target price on shares of Norwegian Cruise Line from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus raised their target price on Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.80.

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.