Range Financial Group LLC Makes New $558,000 Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Range Financial Group LLC acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,695 shares of the company’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Norwegian Cruise Line by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock valued at $452,000 after acquiring an additional 537 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Norwegian Cruise Line by 5.6% in the 2nd quarter. Signaturefd LLC now owns 13,365 shares of the company’s stock valued at $251,000 after buying an additional 705 shares during the period. GAMMA Investing LLC lifted its holdings in Norwegian Cruise Line by 20.7% in the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after acquiring an additional 888 shares during the last quarter. State of Michigan Retirement System boosted its position in Norwegian Cruise Line by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 117,479 shares of the company’s stock valued at $2,207,000 after purchasing an additional 900 shares during the period. Finally, Kentucky Retirement Systems grew its position in shares of Norwegian Cruise Line by 3.1% during the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock worth $682,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on NCLH shares. Morgan Stanley upped their target price on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Barclays boosted their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. Finally, UBS Group boosted their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $22.38.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $17.41 on Thursday. The company has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $17.90. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $21.73. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.26 and a beta of 2.69. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.34 earnings per share for the current fiscal year.

Norwegian Cruise Line 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.