30,000 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by nVerses Capital LLC

nVerses Capital LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 30,000 shares of the company’s stock, valued at approximately $615,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in Norwegian Cruise Line during the first quarter valued at approximately $27,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 2nd quarter worth $39,000. Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth $61,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at about $78,000. Finally, Redmont Wealth Advisors LLC bought a new position in Norwegian Cruise Line in the first quarter valued at about $80,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NCLH has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Monday. Stifel Nicolaus boosted their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Macquarie raised their price objective on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $23.30.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $24.11 on Friday. The company has a 50 day simple moving average of $19.14 and a two-hundred day simple moving average of $18.22. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $24.80. The company has a market capitalization of $10.34 billion, a PE ratio of 34.44, a P/E/G ratio of 0.33 and a beta of 2.71.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current 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.