Driehaus Capital Management LLC Makes New $19.68 Million Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Driehaus Capital Management LLC bought 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 filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NCLH. Tidal Investments LLC lifted its stake in shares of Norwegian Cruise Line by 7.1% in the third quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock worth $583,000 after buying an additional 1,890 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of Norwegian Cruise Line by 0.9% in the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock worth $1,958,000 after buying an additional 841 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock worth $10,544,000 after buying an additional 30,182 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $5,677,000. Finally, Czech National Bank lifted its position in Norwegian Cruise Line by 6.4% during the fourth quarter. Czech National Bank now owns 95,338 shares of the company's stock valued at $2,453,000 after purchasing an additional 5,769 shares during the period. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded up $0.19 during midday trading on Tuesday, reaching $19.34. The stock had a trading volume of 21,478,547 shares, compared to its average volume of 12,759,183. The stock has a 50-day moving average of $17.94 and a 200-day moving average of $23.34. 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 company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29.

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 for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the prior year, the company posted $0.16 EPS. Norwegian Cruise Line's revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. StockNews.com downgraded shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Susquehanna lowered their price objective on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group lowered their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays lowered their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average price target of $26.05.

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.