Patient Capital Management LLC Cuts Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Patient Capital Management LLC cut its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,483,809 shares of the company's stock after selling 318,141 shares during the period. Norwegian Cruise Line accounts for 3.0% of Patient Capital Management LLC's investment portfolio, making the stock its 16th largest holding. Patient Capital Management LLC owned about 0.56% of Norwegian Cruise Line worth $63,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in shares of Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock valued at $10,544,000 after acquiring an additional 30,182 shares during the last quarter. Czech National Bank raised its stake in Norwegian Cruise Line by 6.4% in the fourth quarter. Czech National Bank now owns 95,338 shares of the company's stock worth $2,453,000 after buying an additional 5,769 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Norwegian Cruise Line by 7.6% during the fourth quarter. Wedmont Private Capital now owns 14,653 shares of the company's stock valued at $378,000 after purchasing an additional 1,038 shares in the last quarter. Cooper Financial Group bought a new stake in Norwegian Cruise Line in the 4th quarter worth about $204,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $416,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Performance

NYSE NCLH traded down $0.36 on Monday, reaching $18.92. The stock had a trading volume of 6,251,069 shares, compared to its average volume of 12,645,269. 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 Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The business's 50-day moving average price is $17.93 and its 200 day moving average price is $23.20. The stock has a market cap of $8.45 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

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 for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company's revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. As a group, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

NCLH has been the topic of several recent research reports. BNP Paribas started coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Citigroup upped their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Loop Capital dropped their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.