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New York State Common Retirement Fund Has $10.63 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

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New York State Common Retirement Fund increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 398,048 shares of the company’s stock after acquiring an additional 28,779 shares during the quarter. New York State Common Retirement Fund’s holdings in Norwegian Cruise Line were worth $10,632,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NCLH. FMR LLC increased its stake 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. Envestnet Asset Management Inc. increased its stake in shares of Norwegian Cruise Line by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $1,253,000 after buying an additional 5,337 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Norwegian Cruise Line by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 46,895 shares of the company’s stock valued at $1,379,000 after buying an additional 11,421 shares during the period. US Bancorp DE increased its stake in shares of Norwegian Cruise Line by 12.1% in the second quarter. US Bancorp DE now owns 20,033 shares of the company’s stock valued at $589,000 after buying an additional 2,166 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Norwegian Cruise Line by 25.5% in the second quarter. American Century Companies Inc. now owns 17,108 shares of the company’s stock valued at $504,000 after buying an additional 3,471 shares during the period. 51.74% of the stock is owned by institutional investors.

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company a “hold” rating in a report on Friday, November 5th. Citigroup assumed coverage on Norwegian Cruise Line in a report on Monday, October 25th. They issued a “buy” rating and a $39.00 target price on the stock. Wedbush upped their target price on Norwegian Cruise Line from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 4th. Finally, Berenberg Bank upped their target price on Norwegian Cruise Line from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, November 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.92.

Shares of NYSE:NCLH opened at $20.74 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 4.12. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $17.78 and a twelve month high of $34.49. The stock’s 50 day moving average is $23.00 and its 200-day moving average is $25.13. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of -1.90 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, November 3rd. The company reported ($2.17) EPS for the quarter, missing analysts’ consensus estimates of ($2.11) by ($0.06). The company had revenue of $153.08 million during the quarter, compared to analysts’ expectations of $172.30 million. Norwegian Cruise Line had a negative net margin of 2,158.84% and a negative return on equity of 74.83%. The company’s quarterly revenue was up 2248.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.35) earnings per share. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post -8.3 earnings per share for the current fiscal year.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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