Voloridge Investment Management LLC Has $86.83 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Voloridge Investment Management LLC increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3,403.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,374,576 shares of the company’s stock after acquiring an additional 3,278,249 shares during the quarter. Voloridge Investment Management LLC owned 0.77% of Norwegian Cruise Line worth $86,828,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NCLH. Capital International Investors raised its holdings in shares of Norwegian Cruise Line by 11.2% during the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the period. Norges Bank acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $113,156,000. Two Sigma Advisers LP raised its holdings in shares of Norwegian Cruise Line by 99.0% during the fourth quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company’s stock valued at $197,843,000 after acquiring an additional 3,824,600 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after acquiring an additional 2,959,631 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Norwegian Cruise Line by 2,064.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock valued at $56,992,000 after acquiring an additional 2,112,667 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $18.88 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 0.24 and a beta of 2.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The firm has a 50 day moving average of $17.93 and a two-hundred day moving average of $23.16.

Norwegian Cruise Line (NYSE:NCLH) last posted its 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). The business 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 business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. As a group, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports 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 report on Friday, February 28th. Morgan Stanley cut their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Barclays dropped their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup upped their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average price target of $25.63.

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.