Tidal Investments LLC Has $2.06 Million Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Tidal Investments LLC increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 181.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,985 shares of the company's stock after purchasing an additional 51,560 shares during the period. Tidal Investments LLC's holdings in Norwegian Cruise Line were worth $2,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $27,000. Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd acquired a new stake in Norwegian Cruise Line in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on NCLH shares. Stifel Nicolaus lowered their price objective on shares of 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. Barclays reduced their target price on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen downgraded Norwegian Cruise Line from a "hold" rating to a "sell" rating in a report on Saturday, May 3rd. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Finally, Northcoast Research assumed 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.63.

Norwegian Cruise Line Price Performance

Shares of NCLH traded up $0.68 during mid-day trading on Tuesday, hitting $18.00. The company's stock had a trading volume of 11,393,124 shares, compared to its average volume of 12,552,880. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. 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 firm has a 50-day moving average price of $17.75 and a 200 day moving average price of $22.84.

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 analysts' consensus estimates of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal 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.