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

Benchstone Capital Management LP purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,637,709 shares of the company's stock, valued at approximately $42,138,000. Norwegian Cruise Line comprises 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors boosted its position in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after acquiring an additional 277,360 shares during the period. Geode Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after purchasing an additional 270,434 shares during the last quarter. Renaissance Technologies LLC lifted its position in Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the period. Finally, Norges Bank purchased a new stake in Norwegian Cruise Line in the fourth quarter worth approximately $113,156,000. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Down 0.6 %

NYSE NCLH traded down $0.10 during trading on Tuesday, hitting $17.27. The stock had a trading volume of 10,616,529 shares, compared to its average volume of 12,728,301. 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 market capitalization of $7.66 billion, a PE ratio of 15.85, a PEG ratio of 0.24 and a beta of 2.09. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $23.49. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Macquarie boosted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 target price on the stock. Wells Fargo & Company upped their price target on shares of 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. Morgan Stanley dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus reduced their target price on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.26.

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.