MQS Management LLC Buys New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

MQS Management LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,159 shares of the company's stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also made changes to their positions in NCLH. Capital International Investors boosted its position 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 valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. lifted its position in shares of Norwegian Cruise Line by 0.5% in 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock worth $277,399,000 after buying an additional 270,434 shares during the period. Two Sigma Advisers LP lifted 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 worth $197,843,000 after acquiring an additional 3,824,600 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Norwegian Cruise Line by 113.1% during the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NCLH. Macquarie dropped their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Northcoast Research began coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They set a "buy" rating and a $21.00 price objective for the company. Argus reissued a "hold" rating on shares of Norwegian Cruise Line in a research note on Wednesday, June 18th. Jefferies Financial Group increased their price objective on Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen cut shares of Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research note on Saturday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.42.

Norwegian Cruise Line Price Performance

NCLH stock traded up $0.09 during trading on Friday, reaching $23.69. 2,621,565 shares of the company were exchanged, compared to its average volume of 12,987,179. The company has a 50-day moving average of $19.58 and a two-hundred day moving average of $21.11. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.40 and a beta of 2.13. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve 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 issued its quarterly earnings results 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). Norwegian Cruise Line had a net margin of 9.05% and a return on equity of 66.78%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the company posted $0.16 EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

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.