Rakuten Investment Management Inc. Makes New $778,000 Investment in Norwegian Cruise Line Holdings Ltd. $NCLH

Rakuten Investment Management Inc. purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 52,563 shares of the company’s stock, valued at approximately $778,000.

A number of other institutional investors have also recently bought and sold shares of NCLH. Elliott Investment Management L.P. acquired a new stake in Norwegian Cruise Line during the 1st quarter worth about $246,578,000. Dimensional Fund Advisors LP lifted its stake in Norwegian Cruise Line by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 7,262,590 shares of the company’s stock valued at $135,776,000 after buying an additional 518,790 shares in the last quarter. Hound Partners LLC lifted its stake in Norwegian Cruise Line by 50.0% during the first quarter. Hound Partners LLC now owns 5,713,090 shares of the company’s stock valued at $106,835,000 after buying an additional 1,905,203 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Norwegian Cruise Line by 358.8% in the first quarter. California Public Employees Retirement System now owns 3,675,830 shares of the company’s stock worth $68,738,000 after buying an additional 2,874,730 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Norwegian Cruise Line by 61.0% in the first quarter. Bank of America Corp DE now owns 2,566,087 shares of the company’s stock worth $47,986,000 after buying an additional 971,809 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 1.0%

Shares of Norwegian Cruise Line stock opened at $17.95 on Friday. The stock has a 50-day moving average price of $15.48 and a 200 day moving average price of $18.64. The company has a market cap of $8.24 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.94 and a beta of 1.99. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 4.43. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $13.63 and a 1 year high of $25.13.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. Norwegian Cruise Line had a return on equity of 34.28% and a net margin of 8.20%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period last year, the company posted $1.20 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Norwegian Cruise Line from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus reduced their price target on shares of Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Norwegian Cruise Line from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a research note on Friday, October 23rd. Finally, Citigroup lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.18.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.