Hudson Bay Capital Management LP Purchases New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hudson Bay Capital Management LP purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 195,590 shares of the company's stock, valued at approximately $5,033,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $27,000. Rakuten Securities Inc. boosted its holdings in Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock traded up $0.18 on Friday, hitting $19.27. The company's stock had a trading volume of 10,394,718 shares, compared to its average volume of 12,691,986. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The firm has a market cap of $8.61 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a fifty day moving average price of $17.92 and a 200-day moving average price of $23.25.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company earned $0.16 EPS. The business's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

NCLH has been the subject of a number of recent research reports. StockNews.com cut shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Tigress Financial reiterated a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Macquarie dropped their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. BNP Paribas began coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, Barclays dropped their price objective on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.05.

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.