Hodges Capital Management Inc. Has $23.95 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hodges Capital Management Inc. trimmed its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 28.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,144,207 shares of the company’s stock after selling 461,049 shares during the period. Norwegian Cruise Line comprises 1.5% of Hodges Capital Management Inc.’s holdings, making the stock its 15th biggest position. Hodges Capital Management Inc.’s holdings in Norwegian Cruise Line were worth $23,948,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NCLH. Stifel Financial Corp lifted its position in shares of Norwegian Cruise Line by 4.2% in the third quarter. Stifel Financial Corp now owns 391,509 shares of the company’s stock valued at $6,452,000 after buying an additional 15,828 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Norwegian Cruise Line by 144.9% in the third quarter. Federated Hermes Inc. now owns 50,555 shares of the company’s stock valued at $833,000 after buying an additional 29,908 shares during the last quarter. Northern Trust Corp lifted its position in shares of Norwegian Cruise Line by 3.0% in the third quarter. Northern Trust Corp now owns 3,425,731 shares of the company’s stock valued at $56,456,000 after buying an additional 100,682 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of Norwegian Cruise Line by 5.7% in the third quarter. Natixis Advisors L.P. now owns 65,328 shares of the company’s stock valued at $1,077,000 after buying an additional 3,549 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Norwegian Cruise Line by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock worth $3,060,000 after purchasing an additional 950 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NCLH. Morgan Stanley increased their target price on Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Mizuho upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their target price for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Susquehanna lowered their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. UBS Group increased their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company increased their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $21.79.

Insider Activity at Norwegian Cruise Line

In other news, Director Zillah Byng-Thorne acquired 13,360 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were bought at an average price of $16.50 per share, with a total value of $220,440.00. Following the acquisition, the director now directly owns 13,360 shares in the company, valued at approximately $220,440. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded up $0.15 during trading hours on Friday, reaching $18.79. The company’s stock had a trading volume of 21,044,286 shares, compared to its average volume of 11,524,890. The firm’s 50 day simple moving average is $17.18 and its 200-day simple moving average is $18.09. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 0.31 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.70 and a fifty-two week high of $22.75. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 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.