Los Angeles Capital Management LLC lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 59.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 839,090 shares of the company's stock after selling 1,207,534 shares during the quarter. Los Angeles Capital Management LLC owned 0.19% of Norwegian Cruise Line worth $15,909,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $40,000. LRI Investments LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $47,000. Versant Capital Management Inc raised its position in Norwegian Cruise Line by 147.7% during the first quarter. Versant Capital Management Inc now owns 1,880 shares of the company's stock worth $36,000 after acquiring an additional 1,121 shares during the last quarter. Bogart Wealth LLC raised its position in Norwegian Cruise Line by 1,012.0% during the first quarter. Bogart Wealth LLC now owns 2,224 shares of the company's stock worth $42,000 after acquiring an additional 2,024 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock worth $65,000 after acquiring an additional 654 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
Norwegian Cruise Line Stock Up 2.0%
Shares of NYSE:NCLH traded up $0.46 during midday trading on Tuesday, hitting $23.65. 17,008,962 shares of the stock were exchanged, compared to its average volume of 13,060,082. The company has a debt-to-equity ratio of 9.09, a quick ratio of 0.16 and a current ratio of 0.19. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The business's fifty day simple moving average is $19.70 and its two-hundred day simple moving average is $21.03. The company has a market capitalization of $10.57 billion, a PE ratio of 13.67, a P/E/G ratio of 0.41 and a beta of 2.13.
Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The business's revenue was down 2.9% on a year-over-year basis. As a group, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
NCLH has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price target on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Susquehanna dropped their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Northcoast Research started coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. Finally, Jefferies Financial Group lifted their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a "buy" rating in a report on Monday, July 7th. Nine 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. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Moderate Buy" and a consensus target price of $25.70.
Read Our Latest Research Report on NCLH
Norwegian Cruise Line Profile
(
Free Report)
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.
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