PDT Partners LLC Acquires New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

PDT Partners LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,338 shares of the company's stock, valued at approximately $986,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in Norwegian Cruise Line by 10.5% during the fourth quarter. AQR Capital Management LLC now owns 218,631 shares of the company's stock worth $5,625,000 after buying an additional 20,745 shares during the period. Candlestick Capital Management LP acquired a new position in Norwegian Cruise Line in the fourth quarter worth about $44,650,000. Lido Advisors LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $269,000. Northern Trust Corp boosted its stake 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 acquiring an additional 705,166 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Norwegian Cruise Line by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 319,465 shares of the company's stock worth $8,220,000 after purchasing an additional 3,008 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reduced 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 report on Thursday. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Morgan Stanley cut their price target on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. BNP Paribas began coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.32.

Norwegian Cruise Line Stock Up 6.6 %

Norwegian Cruise Line stock traded up $1.07 during mid-day trading on Friday, hitting $17.33. The company's stock had a trading volume of 25,968,823 shares, compared to its average volume of 12,742,055. The firm's 50 day moving average is $18.52 and its 200 day moving average is $23.58. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a market cap of $7.62 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its 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 for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the business earned $0.16 EPS. The company's quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share 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.