Quantinno Capital Management LP Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantinno Capital Management LP boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 108.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,657 shares of the company’s stock after buying an additional 49,836 shares during the quarter. Quantinno Capital Management LP’s holdings in Norwegian Cruise Line were worth $2,461,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday, May 3rd. Truist Financial decreased their target price on shares of Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday. Loop Capital decreased their price target on Norwegian Cruise Line from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.63.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $18.18 on Wednesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market capitalization of $8.12 billion, a PE ratio of 16.68, a P/E/G ratio of 0.24 and a beta of 2.09. The stock has a 50 day simple moving average of $17.92 and a 200 day simple moving average of $23.12. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last issued 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). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

About Norwegian Cruise Line

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.