Hussman Strategic Advisors Inc. Acquires Shares of 147,000 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hussman Strategic Advisors Inc. bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 147,000 shares of the company’s stock, valued at approximately $2,762,000.

A number of other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at about $39,000. 1832 Asset Management L.P. bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $44,000. Fidelis Capital Partners LLC purchased a new position in Norwegian Cruise Line during the first quarter worth about $61,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Norwegian Cruise Line in the 1st quarter worth about $80,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NCLH shares. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Barclays increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. UBS Group increased their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Norwegian Cruise Line from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.38.

Norwegian Cruise Line Price Performance

NYSE:NCLH traded up $0.04 during trading hours on Friday, hitting $17.89. 8,502,722 shares of the company’s stock traded hands, compared to its average volume of 12,666,406. The firm has a market cap of $7.68 billion, a P/E ratio of 25.56, a P/E/G ratio of 0.26 and a beta of 2.69. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The business’s fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $17.87. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $21.73.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping 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 company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the business earned $0.20 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.34 earnings per share 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.