Occudo Quantitative Strategies LP Has $1.20 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Occudo Quantitative Strategies LP lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 79.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,708 shares of the company's stock after selling 177,201 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Norwegian Cruise Line were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors increased 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 buying an additional 5,557,951 shares during the last quarter. Norges Bank acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $113,156,000. Renaissance Technologies LLC increased its position in Norwegian Cruise Line by 113.1% during 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 raised its holdings 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 valued at $56,992,000 after acquiring an additional 2,112,667 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $52,660,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Trading Down 1.8%

NYSE:NCLH traded down $0.35 during trading hours on Monday, hitting $18.92. 5,525,845 shares of the stock were exchanged, compared to its average volume of 12,641,695. The company's 50 day moving average is $17.93 and its two-hundred day moving average is $23.20. The company has a market capitalization of $8.45 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business's revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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 note on Friday, February 28th. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. 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. Truist Financial decreased their price target on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Monday. Finally, Stifel Nicolaus decreased their price target on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.