Shellback Capital LP Trims Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Shellback Capital LP reduced its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 65.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,991 shares of the company’s stock after selling 327,009 shares during the quarter. Shellback Capital LP’s holdings in Norwegian Cruise Line were worth $4,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock worth $10,544,000 after acquiring an additional 30,182 shares during the period. Czech National Bank lifted its holdings in Norwegian Cruise Line by 6.4% during the 4th quarter. Czech National Bank now owns 95,338 shares of the company’s stock worth $2,453,000 after purchasing an additional 5,769 shares in the last quarter. Wedmont Private Capital boosted its stake in Norwegian Cruise Line by 7.6% in the 4th quarter. Wedmont Private Capital now owns 14,653 shares of the company’s stock worth $378,000 after purchasing an additional 1,038 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $416,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $43,956,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $19.09 on Friday. 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 52-week low of $14.21 and a 52-week high of $29.29. The company has a fifty day moving average of $17.92 and a 200-day moving average of $23.25. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a research report on Monday, April 21st. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They set a “buy” rating and a $25.00 price target for the company. Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. Finally, Barclays reduced their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average price target of $26.05.

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.