Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Trexquant Investment LP

Trexquant Investment LP decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 27.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,671 shares of the company’s stock after selling 158,499 shares during the quarter. Trexquant Investment LP owned about 0.09% of Norwegian Cruise Line worth $10,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $113,156,000. Two Sigma Advisers LP lifted its position in Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock worth $79,263,000 after acquiring an additional 3,464,100 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Norwegian Cruise Line by 2,064.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock valued at $56,992,000 after purchasing an additional 2,112,667 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $52,660,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $43,956,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $19.55 on Thursday. The company has a fifty day moving average of $23.42 and a two-hundred day moving average of $24.37. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The stock has a market capitalization of $8.60 billion, a PE ratio of 17.94, a P/E/G ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of recent research reports. Loop Capital initiated coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 target price on the stock. Macquarie upped their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Citigroup raised their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company upped 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. Finally, Jefferies Financial Group initiated coverage on Norwegian Cruise Line in a research note on Monday. They set a “buy” rating and a $25.00 price objective for the company. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.28.

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.