Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Seven Eight Capital LP

Seven Eight Capital LP cut its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 34.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,904 shares of the company’s stock after selling 106,484 shares during the quarter. Seven Eight Capital LP’s holdings in Norwegian Cruise Line were worth $3,737,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NCLH. Transcendent Capital Group LLC bought a new stake in shares of Norwegian Cruise Line in the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line in the first quarter worth approximately $39,000. Sentry Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth $39,000. 1832 Asset Management L.P. acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $44,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the first quarter worth $61,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Trading Down 0.5 %

Shares of Norwegian Cruise Line stock opened at $19.76 on Wednesday. The stock has a fifty day moving average price of $17.75 and a 200-day moving average price of $17.97. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $21.73. The firm has a market cap of $8.48 billion, a PE ratio of 28.23, a P/E/G ratio of 0.27 and a beta of 2.70. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NCLH shares. Macquarie upped their target price on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st. Bank of America increased their price objective on shares of Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Tigress Financial reissued a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, August 9th. Finally, Susquehanna upped their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $22.17.

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.