Legato Capital Management LLC Acquires New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Legato Capital Management LLC purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,670 shares of the company's stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors raised its position in shares of Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Norges Bank purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $113,156,000. Two Sigma Advisers LP boosted its position in Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after buying an additional 3,824,600 shares during the period. Voloridge Investment Management LLC raised its holdings in Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock worth $86,828,000 after purchasing an additional 3,278,249 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Norwegian Cruise Line by 113.1% in the 4th 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 in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 1.4%

Shares of NCLH traded up $0.34 during trading hours on Friday, reaching $23.84. 9,155,595 shares of the company traded hands, compared to its average volume of 13,721,850. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.98 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 9.09. The stock's fifty day moving average price is $20.14 and its 200 day moving average price is $21.03.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The business's revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on NCLH. Citigroup increased their price target on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Macquarie decreased their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group lifted their price objective on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Morgan Stanley reduced 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 research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

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.