Driehaus Capital Management LLC Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Driehaus Capital Management LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 764,736 shares of the company's stock, valued at approximately $19,677,000. Driehaus Capital Management LLC owned approximately 0.17% of Norwegian Cruise Line at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in shares of Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after buying an additional 277,360 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $277,399,000 after purchasing an additional 270,434 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares during the period. Finally, Norges Bank acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $113,156,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Up 1.0%

NCLH traded up $0.19 during trading on Wednesday, reaching $19.53. 8,789,075 shares of the stock were exchanged, compared to its average volume of 12,752,969. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock's 50 day moving average price is $17.93 and its two-hundred day moving average price is $23.31. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The stock has a market cap of $8.73 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its 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). 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 the consensus estimate of $2.15 billion. During the same period in the previous year, the company posted $0.16 earnings per share. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NCLH shares. Loop Capital reduced their price objective on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target on the stock in a report on Monday, March 17th. Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Macquarie lowered 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, May 9th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.05.

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.