Primoris Wealth Advisors LLC Invests $240,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Primoris Wealth Advisors LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,499 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also added to or reduced their stakes in NCLH. FMR LLC lifted its holdings in shares of Norwegian Cruise Line by 27.6% in the first quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after buying an additional 53,190 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 5.4% in the third quarter. Victory Capital Management Inc. now owns 454,617 shares of the company’s stock valued at $12,143,000 after buying an additional 23,443 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Norwegian Cruise Line by 7.8% in the third quarter. New York State Common Retirement Fund now owns 398,048 shares of the company’s stock valued at $10,632,000 after buying an additional 28,779 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Norwegian Cruise Line by 20.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 165,793 shares of the company’s stock valued at $4,428,000 after buying an additional 27,730 shares during the period. Finally, Herold Advisors Inc. acquired a new stake in shares of Norwegian Cruise Line in the third quarter valued at $66,000. 54.29% of the stock is owned by institutional investors.

NCLH stock traded down $0.59 during mid-day trading on Friday, hitting $20.03. The stock had a trading volume of 11,933,462 shares, compared to its average volume of 16,290,320. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 4.76. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.90 and a 1-year high of $33.95. The company has a fifty day moving average of $19.90 and a 200 day moving average of $21.74. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of -1.62 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its earnings results on Thursday, February 24th. The company reported ($1.95) earnings per share for the quarter, missing the consensus estimate of ($1.69) by ($0.26). Norwegian Cruise Line had a negative return on equity of 87.97% and a negative net margin of 695.48%. The firm had revenue of $487.40 million during the quarter, compared to analyst estimates of $596.21 million. During the same period in the previous year, the company earned ($2.33) earnings per share. The business’s revenue for the quarter was up 4977.1% on a year-over-year basis. As a group, sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post -2.08 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Truist Financial reduced their target price on Norwegian Cruise Line from $26.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, March 17th. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a report on Thursday, March 17th. Macquarie reduced their target price on Norwegian Cruise Line from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, March 4th. Wells Fargo & Company assumed coverage on Norwegian Cruise Line in a report on Tuesday, March 29th. They set an “overweight” rating and a $27.00 target price for the company. Finally, Citigroup upped their target price on Norwegian Cruise Line from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.67.

About Norwegian Cruise Line (Get Rating)

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 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 locations, including destinations in Scandinavia, Russia, 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.

Further Reading

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

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