Quantinno Capital Management LP Has $2.46 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantinno Capital Management LP lifted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 108.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,657 shares of the company’s stock after acquiring an additional 49,836 shares during the period. Quantinno Capital Management LP’s holdings in Norwegian Cruise Line were worth $2,461,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NCLH shares. Truist Financial cut their price target on Norwegian Cruise Line from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Monday. Northcoast Research began coverage on Norwegian Cruise Line in a research note on Friday, April 25th. They issued a “buy” rating and a $21.00 target price on the stock. Susquehanna reduced their price target on Norwegian Cruise Line from $27.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Finally, Bank of America cut their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.63.

Norwegian Cruise Line Stock Down 3.9%

Norwegian Cruise Line stock opened at $18.18 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The stock has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $23.12. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 16.68, a PEG 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 (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the company earned $0.16 EPS. Norwegian Cruise Line’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities 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.