Entropy Technologies LP Has $3.07 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Entropy Technologies LP increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 122.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,765 shares of the company’s stock after purchasing an additional 80,727 shares during the quarter. Entropy Technologies LP’s holdings in Norwegian Cruise Line were worth $3,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. YHB Investment Advisors Inc. bought a new stake in shares of Norwegian Cruise Line during the first quarter worth about $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $44,000. Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line during the 1st quarter worth approximately $61,000. Mendota Financial Group LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $66,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Norwegian Cruise Line during the first quarter valued at $80,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 2.5 %

NCLH stock traded down $0.51 during trading on Wednesday, reaching $19.86. 10,955,677 shares of the stock were exchanged, compared to its average volume of 12,953,725. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.23. The firm’s 50 day moving average is $17.42 and its 200 day moving average is $17.93. The firm has a market cap of $8.52 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 0.32 and a beta of 2.69.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NCLH. Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. The Goldman Sachs Group lifted their price objective on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Barclays decreased their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Susquehanna dropped their price target on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Norwegian Cruise Line from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Hold” and an average price target of $21.79.

Insider Activity

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne bought 13,360 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $16.50 per share, for a total transaction of $220,440.00. Following the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at $220,440. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

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.