Penn Capital Management Company LLC Sells 692,674 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Penn Capital Management Company LLC trimmed its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 62.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 420,860 shares of the company's stock after selling 692,674 shares during the quarter. Penn Capital Management Company LLC owned about 0.10% of Norwegian Cruise Line worth $10,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Rakuten Securities Inc. boosted its holdings in Norwegian Cruise Line by 176.0% in 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 last quarter. Finally, R Squared Ltd purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at about $31,000. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $17.03 on Thursday. The stock has a 50 day moving average price of $19.74 and a 200 day moving average price of $23.86. The stock has a market cap of $7.49 billion, a PE ratio of 15.62, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Loop Capital upgraded shares of Norwegian Cruise Line from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research note on Monday. Morgan Stanley dropped their target price on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Citigroup raised their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Stifel Nicolaus dropped their price objective on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.94.

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.

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