1,637,709 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Bought by Benchstone Capital Management LP

Benchstone Capital Management LP purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,637,709 shares of the company's stock, valued at approximately $42,138,000. Norwegian Cruise Line comprises about 4.4% of Benchstone Capital Management LP's holdings, making the stock its 4th largest holding. Benchstone Capital Management LP owned 0.37% of Norwegian Cruise Line at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NCLH. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $26,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $31,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NCLH. Susquehanna cut their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Northcoast Research started coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. Loop Capital lowered their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Macquarie reduced their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Friday. Finally, BNP Paribas began coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus target price of $26.05.

Norwegian Cruise Line Price Performance

Shares of NCLH traded down $0.18 during midday trading on Friday, hitting $17.70. The company's stock had a trading volume of 6,325,937 shares, compared to its average volume of 12,650,045. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The company's fifty day simple moving average is $18.05 and its two-hundred day simple moving average is $23.41.

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 for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Norwegian Cruise Line Company 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.