Occudo Quantitative Strategies LP Cuts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Occudo Quantitative Strategies LP lessened its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 79.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research reports. Northcoast Research started coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They set a “buy” rating and a $21.00 price objective for the company. BNP Paribas assumed coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target for the company. Susquehanna dropped their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group began coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 price objective for the company. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $26.05.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $19.34 on Wednesday. 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 stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.24 and a beta of 2.09. The firm’s 50 day simple moving average is $17.93 and its 200-day simple moving average is $23.31. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly 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 firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

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.