Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Stock Position Decreased by CastleKnight Management LP

CastleKnight Management LP reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,300 shares of the company's stock after selling 47,900 shares during the quarter. CastleKnight Management LP's holdings in Norwegian Cruise Line were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $27,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% during 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 during the last quarter. Finally, R Squared Ltd purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at about $31,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $0.22 during mid-day trading on Friday, reaching $17.66. The company had a trading volume of 9,760,592 shares, compared to its average volume of 12,683,163. The stock's 50-day simple moving average is $17.98 and its 200-day simple moving average is $23.36. The company has a market capitalization of $7.89 billion, a P/E ratio of 16.20, a P/E/G ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. 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 (NYSE:NCLH - Get Free Report) last announced 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 firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several analyst reports. Barclays decreased their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. StockNews.com downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Bank of America decreased their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.