Lighthouse Investment Partners LLC Cuts Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Lighthouse Investment Partners LLC decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 89.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,000 shares of the company's stock after selling 335,000 shares during the period. Lighthouse Investment Partners LLC's holdings in Norwegian Cruise Line were worth $1,029,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

NCLH has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on 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. Citigroup raised their price objective 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. Northcoast Research assumed coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 price objective for the company. Tigress Financial reiterated a "strong-buy" rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Finally, Loop Capital reduced their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.63.

Norwegian Cruise Line Trading Down 2.6%

NCLH traded down $0.50 during trading on Tuesday, hitting $18.41. 6,399,878 shares of the stock were exchanged, compared to its average volume of 12,647,307. The firm has a 50 day simple moving average of $17.93 and a 200 day simple moving average of $23.16. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. 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 (NYSE:NCLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. The company's revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect 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.