Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 3,403.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,374,576 shares of the company's stock after purchasing an additional 3,278,249 shares during the quarter. Voloridge Investment Management LLC owned about 0.77% of Norwegian Cruise Line worth $86,828,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock valued at $10,544,000 after acquiring an additional 30,182 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $416,000. HB Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $219,000. Artemis Investment Management LLP purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $2,356,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $2,052,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 0.5%

Shares of NCLH stock traded down $0.10 on Friday, hitting $17.35. The stock had a trading volume of 7,415,932 shares, compared to its average volume of 12,556,044. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 0.24 and a beta of 2.09. The stock's 50 day moving average is $17.80 and its 200-day moving average is $22.93. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its 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). The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. Norwegian Cruise Line's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. As a group, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NCLH shares. Barclays cut their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Northcoast Research started coverage on shares of 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. Susquehanna dropped their price target on shares of Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Bank of America dropped their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and an average price target of $25.63.

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.