Rockefeller Capital Management L.P. Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Rockefeller Capital Management L.P. boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 226.2% in the second quarter, Holdings Channel.com reports. The fund owned 39,464 shares of the company’s stock after buying an additional 27,365 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Norwegian Cruise Line were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in Norwegian Cruise Line in the second quarter valued at $3,657,000. Janus Henderson Group PLC lifted its position in Norwegian Cruise Line by 75.2% in the first quarter. Janus Henderson Group PLC now owns 107,591 shares of the company’s stock valued at $2,968,000 after acquiring an additional 46,188 shares during the last quarter. BlackRock Inc. lifted its position in Norwegian Cruise Line by 18.1% in the first quarter. BlackRock Inc. now owns 20,282,306 shares of the company’s stock valued at $559,588,000 after acquiring an additional 3,107,112 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Norwegian Cruise Line by 2.6% in the first quarter. Panagora Asset Management Inc. now owns 647,591 shares of the company’s stock valued at $17,867,000 after acquiring an additional 16,692 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Norwegian Cruise Line in the first quarter valued at $274,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

NYSE NCLH opened at $25.11 on Tuesday. The stock has a market capitalization of $9.29 billion, a P/E ratio of -2.26 and a beta of 2.81. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.15 and a 52-week high of $34.49. The firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $27.94. The company has a quick ratio of 1.55, a current ratio of 1.59 and a debt-to-equity ratio of 3.21.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Thursday, August 5th. The company reported ($1.93) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.00) by $0.07. The firm had revenue of $4.40 million during the quarter, compared to analysts’ expectations of $9.14 million. Norwegian Cruise Line had a negative net margin of 14,870.70% and a negative return on equity of 65.44%. The firm’s revenue for the quarter was down 74.0% on a year-over-year basis. During the same period in the prior year, the company posted ($2.78) earnings per share. On average, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post -7.1 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 20th. Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, August 9th. Wolfe Research raised shares of Norwegian Cruise Line from a “peer perform” rating to an “outperform” rating and set a $36.00 target price for the company in a report on Wednesday, June 16th. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a report on Tuesday, July 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, June 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.25.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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