Mount Lucas Management LP Raises Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mount Lucas Management LP boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 104.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,137 shares of the company's stock after buying an additional 18,937 shares during the period. Mount Lucas Management LP's holdings in Norwegian Cruise Line were worth $704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in shares of Norwegian Cruise Line by 11.2% in 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 in the last quarter. Norges Bank bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $113,156,000. Two Sigma Advisers LP increased its holdings in shares of Norwegian Cruise Line by 99.0% in the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock worth $197,843,000 after purchasing an additional 3,824,600 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock worth $86,828,000 after acquiring an additional 3,278,249 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 acquiring an additional 2,959,631 shares during the period. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Up 1.4%

Shares of NCLH traded up $0.34 during mid-day trading on Friday, reaching $23.84. 9,155,595 shares of the company's stock traded hands, compared to its average volume of 13,721,850. The stock has a market cap of $10.65 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.98 and a beta of 2.13. The stock's 50-day moving average is $20.14 and its two-hundred day moving average is $21.03. 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 debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16.

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

Analyst Ratings Changes

NCLH has been the subject of several research analyst reports. Barclays lifted their price objective on Norwegian Cruise Line from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Northcoast Research initiated coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They issued a "buy" rating and a $21.00 price objective on the stock. Bank of America boosted their price objective on Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Melius Research upgraded Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.