Hodges Capital Management Inc. Grows Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hodges Capital Management Inc. raised its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 33.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,521,440 shares of the company’s stock after purchasing an additional 377,233 shares during the period. Norwegian Cruise Line makes up about 1.9% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Hodges Capital Management Inc.’s holdings in Norwegian Cruise Line were worth $28,588,000 at the end of the most recent reporting period.

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

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded down $0.14 during trading hours on Wednesday, hitting $17.47. The company had a trading volume of 1,577,004 shares, compared to its average volume of 12,779,711. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $21.73. The firm has a 50-day moving average of $17.70 and a 200 day moving average of $17.90. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The firm has a market cap of $7.50 billion, a PE ratio of 25.17, a PEG ratio of 0.26 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several research reports. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. increased their target price on Norwegian Cruise Line from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Tigress Financial restated a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. Barclays upped their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, UBS Group upped their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.38.

About Norwegian Cruise Line

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.