Woodline Partners LP Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Woodline Partners LP bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,406 shares of the company's stock, valued at approximately $679,000.

A number of other hedge funds have also added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% in 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 during the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. 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. 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. Finally, Citigroup upped their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and an average target price of $25.63.

Norwegian Cruise Line Trading Up 0.3%

NYSE:NCLH traded up $0.06 during midday trading on Thursday, hitting $17.60. 9,192,766 shares of the company traded hands, compared to its average volume of 12,522,207. The firm has a market capitalization of $7.86 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.24 and a beta of 2.09. The firm's fifty day moving average is $17.65 and its 200-day moving average is $22.77. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Norwegian Cruise Line 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.