Toronto Dominion Bank Buys 3,521 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Toronto Dominion Bank lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,528 shares of the company’s stock after purchasing an additional 3,521 shares during the period. Toronto Dominion Bank’s holdings in Norwegian Cruise Line were worth $4,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCLH. Harbour Investments Inc. bought a new position in shares of Norwegian Cruise Line in the first quarter worth about $25,000. O Shaughnessy Asset Management LLC lifted its stake in Norwegian Cruise Line by 332.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 900 shares of the company’s stock worth $25,000 after acquiring an additional 692 shares during the period. Banco de Sabadell S.A purchased a new stake in Norwegian Cruise Line in the first quarter worth about $27,000. Bessemer Group Inc. lifted its stake in Norwegian Cruise Line by 3,590.3% in the first quarter. Bessemer Group Inc. now owns 1,144 shares of the company’s stock worth $32,000 after acquiring an additional 1,113 shares during the period. Finally, Berman Capital Advisors LLC lifted its stake in Norwegian Cruise Line by 56.3% in the second quarter. Berman Capital Advisors LLC now owns 1,882 shares of the company’s stock worth $54,000 after acquiring an additional 678 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

NCLH has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on shares of Norwegian Cruise Line from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, August 9th. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a research report on Tuesday, July 6th. JPMorgan Chase & Co. increased their price target on shares of Norwegian Cruise Line from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, June 17th. Wolfe Research raised shares of Norwegian Cruise Line from a “peer perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research report on Wednesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $30.64.

Shares of NYSE NCLH opened at $26.53 on Thursday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of -2.39 and a beta of 2.81. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.77 and a 12 month high of $34.49. The firm’s 50 day simple moving average is $25.71 and its 200-day simple moving average is $27.73. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.59 and a quick ratio of 1.55.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, August 5th. The company reported ($1.93) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.07. The business had revenue of $4.40 million for 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 business’s revenue was down 74.0% on a year-over-year basis. During the same quarter last year, the company earned ($2.78) EPS. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post -7.1 earnings per share for the current fiscal year.

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.

Further Reading: Death Cross

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

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