XTX Topco Ltd Cuts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Key Points

• XTX Topco Ltd cut its stake in Norwegian Cruise Line Holdings Ltd. by 50.2% in the first quarter, owning 24,491 shares worth approximately $464,000 after selling 24,681 shares.
• Norwegian Cruise Line reported $0.51 EPS for the last quarter, slightly missing analysts' expectations, with revenue of $2.52 billion, marking a 6.1% year-over-year increase.
• Analysts have mixed ratings on Norwegian Cruise Line, with an average target price of $27.20, and recent price targets ranging from $20.00 to $31.00.

XTX Topco Ltd cut its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 50.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,491 shares of the company's stock after selling 24,681 shares during the quarter. XTX Topco Ltd's holdings in Norwegian Cruise Line were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NCLH. Capital International Investors grew its holdings in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Two Sigma Advisers LP grew its holdings in Norwegian Cruise Line by 99.0% in the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after purchasing an additional 3,824,600 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Norwegian Cruise Line by 16.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company's stock valued at $115,570,000 after purchasing an additional 642,380 shares during the period. Northern Trust Corp grew its holdings in Norwegian Cruise Line by 20.4% in the fourth quarter. Northern Trust Corp now owns 4,163,394 shares of the company's stock valued at $107,124,000 after purchasing an additional 705,166 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in shares of Norwegian Cruise Line by 3,403.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock valued at $86,828,000 after acquiring an additional 3,278,249 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Up 1.2%

NYSE:NCLH traded up $0.28 on Tuesday, reaching $24.01. The company's stock had a trading volume of 5,115,371 shares, compared to its average volume of 14,160,759. 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 quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 8.05. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.09 and a beta of 2.24. The stock has a 50 day moving average price of $21.60 and a 200 day moving average price of $20.81.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. Norwegian Cruise Line's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Susquehanna raised their target price on Norwegian Cruise Line from $18.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Mizuho raised their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Barclays raised their target price on Norwegian Cruise Line from $25.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley raised their target price on Norwegian Cruise Line from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, TD Cowen assumed coverage on Norwegian Cruise Line in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $31.00 target price on the stock. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.20.

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.