Connor Clark & Lunn Investment Management Ltd. Invests $7.91 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 646,204 shares of the company’s stock, valued at approximately $7,910,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Norwegian Cruise Line at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NCLH. Vanguard Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after acquiring an additional 5,549,673 shares in the last quarter. Capital International Investors boosted its holdings in shares of Norwegian Cruise Line by 15.7% in the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after acquiring an additional 2,875,079 shares in the last quarter. Ariel Investments LLC raised its position in Norwegian Cruise Line by 113.5% in the 1st quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock worth $77,203,000 after purchasing an additional 1,876,020 shares during the last quarter. Trexquant Investment LP raised its position in Norwegian Cruise Line by 470.0% in the 3rd quarter. Trexquant Investment LP now owns 1,397,980 shares of the company’s stock worth $15,881,000 after purchasing an additional 1,152,736 shares during the last quarter. Finally, State Street Corp raised its position in Norwegian Cruise Line by 8.6% in the 1st quarter. State Street Corp now owns 13,336,773 shares of the company’s stock worth $291,809,000 after purchasing an additional 1,050,800 shares during the last quarter. 57.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NCLH shares. Barclays dropped their price objective on shares of Norwegian Cruise Line from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 1st. Wells Fargo & Company dropped their target price on shares of Norwegian Cruise Line from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 1st. Citigroup dropped their target price on shares of Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 2nd. JPMorgan Chase & Co. began coverage on shares of Norwegian Cruise Line in a research report on Friday, April 28th. They set a “neutral” rating and a $15.00 target price for the company. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $13.00 target price on shares of Norwegian Cruise Line in a research report on Wednesday, March 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.50.

Norwegian Cruise Line Stock Up 1.8 %

Norwegian Cruise Line stock opened at $14.48 on Friday. The stock has a market cap of $6.14 billion, a P/E ratio of -4.21 and a beta of 2.49. The company has a quick ratio of 0.26, a current ratio of 0.29 and a debt-to-equity ratio of 184.14. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $10.31 and a twelve month high of $18.67. The company’s 50-day moving average price is $13.55 and its two-hundred day moving average price is $14.20.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last released its quarterly earnings results on Monday, May 1st. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.21. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Norwegian Cruise Line had a negative net margin of 23.54% and a negative return on equity of 448.59%. The business’s revenue was up 249.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.90) EPS. As a group, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 0.46 EPS for the current year.

Norwegian Cruise Line Company Profile

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.