Raiffeisen Bank International AG Takes $40,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Raiffeisen Bank International AG acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,554 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after buying an additional 739 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $31,000. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NCLH. Jefferies Financial Group began coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a “buy” rating and a $25.00 target price for the company. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. BNP Paribas began coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price for the company. Macquarie cut their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Citigroup lifted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $25.63.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $18.88 on Tuesday. The firm has a 50 day moving average of $17.93 and a 200-day moving average of $23.16. The stock has a market capitalization of $8.44 billion, a PE ratio of 17.32, a PEG ratio of 0.24 and a beta of 2.09. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 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.