In this article, we discuss the 5 stocks Reddit is piling into before earnings. If you want to read our detailed analysis of these stocks, go directly to 10 Stocks Reddit is Piling Into Before Earnings.
5. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
Number of Hedge Fund Holders: 34
Expected Earnings Date: August 6 (Before Market Open)
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is placed fifth on our list of 10 stocks Reddit is piling into before earnings. The firm is based in Florida and markets cruises. In earnings results for the first quarter, posted on May 6, the firm reported earnings per share of -$2.03, beating market estimates by $0.04. The company will announce earnings results for the second quarter before the opening of the market on August 6. The stock stands to gain as the vaccinations allow for normal business to resume in the United States.
On June 17, investment advisory JPMorgan maintained an Overweight rating on Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) stock and raised the price target to $38 from $35, noting the positive booking momentum and pricing upside as growth catalysts.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Zimmer Partners is a leading shareholder in Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) with 4.7 million shares worth more than $130 million.
“Norwegian Cruise Line Holdings (NCLH) is a diversified operator of leading global cruise lines spanning market segments from contemporary to luxury under the Norwegian Cruise Line, Oceanic Cruises and Regent Seven Seas Cruises brands. These brands operate a combined 28 ships. Norwegian was eliminated from the portfolio, as we no longer believe it meets our definition of an Exceptional Growth Company, as discussed in our first quarter letter. There are still many unknowns as to when we will see a fully normalized operating environment with a high degree of confidence.”