Sherbrooke Park Advisers LLC Sells 23,260 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sherbrooke Park Advisers LLC lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 74.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,777 shares of the company's stock after selling 23,260 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Norwegian Cruise Line were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $26,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Rakuten Securities Inc. grew its holdings in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth about $31,000. Institutional investors own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Citigroup raised their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Morgan Stanley decreased their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. 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 research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $25.63.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $18.18 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The business has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $23.12. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $8.12 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly 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 return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business earned $0.16 earnings per share. Norwegian Cruise Line's revenue was down 2.9% on a year-over-year basis. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

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.

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