Ariel Investments LLC Reduces Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Ariel Investments LLC lowered its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,003,639 shares of the company's stock after selling 1,315,769 shares during the quarter. Ariel Investments LLC owned 0.91% of Norwegian Cruise Line worth $103,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCLH. Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter worth $272,000. Cookson Peirce & Co. Inc. bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $654,000. Jupiter Asset Management Ltd. boosted its position in Norwegian Cruise Line by 365.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock valued at $55,800,000 after purchasing an additional 1,702,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Norwegian Cruise Line by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after buying an additional 47,507 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth $416,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Northcoast Research started coverage on shares of Norwegian Cruise Line in a report on Friday, April 25th. They issued a "buy" rating and a $21.00 price target for the company. Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, February 28th. Stifel Nicolaus reduced their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, Bank of America reduced their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.26.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded up $0.71 during midday trading on Thursday, reaching $18.02. The company had a trading volume of 7,220,550 shares, compared to its average volume of 12,674,761. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a market capitalization of $7.99 billion, a P/E ratio of 16.53, a P/E/G ratio of 0.24 and a beta of 2.09. The firm's fifty day simple moving average is $18.13 and its 200-day simple moving average is $23.45.

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