Numerai GP LLC Invests $2.20 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Numerai GP LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 85,571 shares of the company's stock, valued at approximately $2,202,000.

A number of other hedge funds have also recently bought and sold shares of NCLH. Capital International Investors increased its stake in Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company's stock worth $1,420,159,000 after purchasing an additional 5,557,951 shares in the last quarter. Norges Bank purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $113,156,000. Renaissance Technologies LLC increased its stake in Norwegian Cruise Line by 113.1% in the 4th quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after purchasing an additional 2,959,631 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Norwegian Cruise Line by 2,064.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company's stock worth $56,992,000 after purchasing an additional 2,112,667 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $52,660,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NCLH has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Citigroup lifted their target price 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. BNP Paribas assumed coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. Truist Financial lowered their target price on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating on the stock in a research note on Monday. Finally, 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 research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and a consensus target price of $25.63.

Norwegian Cruise Line Stock Performance

NCLH traded down $0.36 on Monday, hitting $18.92. The company had a trading volume of 5,525,845 shares, compared to its average volume of 12,641,695. The company's fifty day moving average price is $17.93 and its 200 day moving average price is $23.20. 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 current ratio of 0.20 and a quick ratio of 0.17. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

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