Tidal Investments LLC Purchases 51,560 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Tidal Investments LLC increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 181.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,985 shares of the company’s stock after purchasing an additional 51,560 shares during the period. Tidal Investments LLC’s holdings in Norwegian Cruise Line were worth $2,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 11.2% in the 4th quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after purchasing an additional 5,557,951 shares during the period. Vanguard Group Inc. increased its position in Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock worth $1,371,596,000 after buying an additional 277,360 shares during the last quarter. Geode Capital Management LLC raised its stake in Norwegian Cruise Line by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock valued at $277,399,000 after buying an additional 270,434 shares during the period. Renaissance Technologies LLC lifted its position in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after buying an additional 2,959,631 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Norwegian Cruise Line by 16.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,491,644 shares of the company’s stock valued at $115,570,000 after buying an additional 642,380 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of research analyst reports. Wall Street Zen cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Wells Fargo & Company raised 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 note on Friday, February 28th. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $25.63.

Norwegian Cruise Line Trading Up 1.3%

Shares of NYSE:NCLH opened at $17.45 on Friday. The business’s 50 day simple moving average is $17.83 and its 200 day simple moving average is $23.03. 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 company has a market capitalization of $7.80 billion, a P/E ratio of 16.01, a P/E/G ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results 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). 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 the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal 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.