Good Life Advisors LLC Makes New $217000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

30 Mar 2024

Defense World

Share on XTweet

Good Life Advisors LLC Makes New 217000 Investment in Norwegian Cruise
Line Holdings Ltd NYSENCLH

Good Life Advisors LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 10,806 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds have also bought and sold shares of the company. Covestor Ltd boosted its position in Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after purchasing an additional 1,205 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Norwegian Cruise Line by 272.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock worth $40,000 after purchasing an additional 1,358 shares in the last quarter. Stonebridge Capital Advisors LLC raised its stake in shares of Norwegian Cruise Line by 46.2% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock worth $41,000 after buying an additional 600 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $42,000. Finally, Larson Financial Group LLC raised its stake in shares of Norwegian Cruise Line by 38.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NCLH shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Citigroup reduced their target price on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Mizuho started coverage on Norwegian Cruise Line in a research note on Tuesday. They set a “neutral” rating and a $21.00 target price for the company. Barclays upped their target price on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Finally, Susquehanna increased their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.93.

Read Our Latest Research Report on NCLH

Norwegian Cruise Line Stock Down 1.9 %

Shares of NCLH opened at $20.93 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.41 and a 52-week high of $22.75. The company has a market capitalization of $8.91 billion, a PE ratio of 74.75, a price-to-earnings-growth ratio of 0.45 and a beta of 2.59. The stock has a fifty day simple moving average of $18.38 and a two-hundred day simple moving average of $17.09. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the business earned ($1.10) earnings per share. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 0.99 EPS for the current year.

Norwegian Cruise Line Company Profile

(Free Report)

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.