Readystate Asset Management LP Has $1.80 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Readystate Asset Management LP trimmed its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 94,992 shares of the company's stock after selling 11,959 shares during the quarter. Readystate Asset Management LP's holdings in Norwegian Cruise Line were worth $1,801,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors boosted its position in Norwegian Cruise Line by 11.2% during the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after acquiring an additional 277,360 shares during the period. Geode Capital Management LLC boosted its position in 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 acquiring an additional 270,434 shares during the period. 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 worth $197,843,000 after acquiring an additional 3,824,600 shares during the period. Finally, Renaissance Technologies LLC boosted its position 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 worth $143,502,000 after acquiring an additional 2,959,631 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Trading Up 1.4%

Norwegian Cruise Line stock traded up $0.34 during midday trading on Friday, reaching $23.84. The stock had a trading volume of 9,155,595 shares, compared to its average volume of 13,721,850. 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. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.00 and a beta of 2.13. The firm's fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $21.00.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted 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). Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm had revenue of $2.13 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NCLH. TD Cowen began coverage on Norwegian Cruise Line in a research report on Tuesday. They set a "buy" rating and a $31.00 price target for the company. Northcoast Research started coverage on Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. UBS Group dropped their target price on Norwegian Cruise Line from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, June 30th. The Goldman Sachs Group decreased 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. Finally, Stifel Nicolaus cut their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

About Norwegian Cruise Line

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.