Patient Capital Management LLC Sells 318,141 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Patient Capital Management LLC lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,483,809 shares of the company’s stock after selling 318,141 shares during the period. Norwegian Cruise Line makes up approximately 3.0% of Patient Capital Management LLC’s portfolio, making the stock its 16th biggest position. Patient Capital Management LLC’s holdings in Norwegian Cruise Line were worth $63,908,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NCLH. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. increased 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 valued at $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line during the 4th quarter worth approximately $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NCLH shares. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Monday, March 17th. Bank of America decreased their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Stifel Nicolaus dropped their price objective on Norwegian Cruise Line from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Macquarie decreased their target price on Norwegian Cruise Line from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Wells Fargo & Company boosted their price target on 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus target price of $26.05.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $19.34 on Wednesday. The stock’s fifty day simple moving average is $17.93 and its two-hundred day simple moving average is $23.31. The stock has a market cap of $8.64 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, analysts forecast 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.