Candlestick Capital Management LP Invests $44.65 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Candlestick Capital Management LP bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,735,335 shares of the company's stock, valued at approximately $44,650,000. Norwegian Cruise Line makes up approximately 1.0% of Candlestick Capital Management LP's investment portfolio, making the stock its 29th largest holding. Candlestick Capital Management LP owned about 0.39% of Norwegian Cruise Line as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC boosted its stake in shares of Norwegian Cruise Line by 3.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock valued at $358,000 after buying an additional 498 shares during the period. Scotia Capital Inc. boosted its stake in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock valued at $2,928,000 after buying an additional 540 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Norwegian Cruise Line by 35.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after buying an additional 654 shares in the last quarter. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after acquiring an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NCLH shares. Morgan Stanley reduced their target price on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They set a "buy" rating and a $25.00 target price for the company. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price target on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.32.

Norwegian Cruise Line Price Performance

NYSE:NCLH traded up $0.21 during trading hours on Thursday, reaching $16.24. 19,838,220 shares of the company were exchanged, compared to its average volume of 12,757,950. The firm has a market cap of $7.14 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The stock's 50-day moving average is $18.84 and its 200-day moving average is $23.68.

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

About Norwegian Cruise Line

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.