Trexquant Investment LP Lowers Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Trexquant Investment LP reduced its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 417,671 shares of the company's stock after selling 158,499 shares during the quarter. Trexquant Investment LP owned approximately 0.09% of Norwegian Cruise Line worth $10,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prestige Wealth Management Group LLC grew its stake in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 800 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. Finally, Rakuten Securities Inc. increased its stake in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on NCLH. Jefferies Financial Group started coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a "buy" rating and a $25.00 price objective on the stock. Citigroup boosted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company increased their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Finally, Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.28.

Norwegian Cruise Line Stock Down 1.9 %

NCLH stock traded down $0.30 during mid-day trading on Monday, reaching $15.39. 11,952,005 shares of the company traded hands, compared to its average volume of 12,453,873. 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 firm's 50 day moving average price is $23.01 and its 200 day moving average price is $24.35. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.25 and a fifty-two week high of $29.29.

Norwegian Cruise Line 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.