Shellback Capital LP Sells 327,009 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Shellback Capital LP lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 65.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other large investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. raised its position in shares of Norwegian Cruise Line by 176.0% during the fourth 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 period. Finally, R Squared Ltd bought a new position in shares of Norwegian Cruise Line in the 4th quarter worth $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $19.09 on Friday. The company has a market capitalization of $8.53 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. 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 50-day simple moving average of $17.92 and a 200 day simple moving average of $23.25.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm posted $0.16 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on NCLH shares. Wells Fargo & Company boosted their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Macquarie lowered their target price on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Barclays dropped their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.05.

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.