Is Norwegian Cruise Line Holdings Ltd (NCLH) A Better Stock Than Its Peers?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. Interestingly, Matthew Tewksbury’s Stevens Capital Management cut the biggest stake of all the hedgies followed by Insider Monkey, totaling about $7.7 million in stock, and George Hall’s Clinton Group was right behind this move, as the fund dropped about $6.6 million worth of shares.

Let’s check out hedge fund activity in other stocks similar to Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). We will take a look at Amdocs Limited (NYSE:DOX), Cencosud SA (NYSE:CNCO), Alexandria Real Estate Equities Inc (NYSE:ARE), and The Goodyear Tire & Rubber Company (NASDAQ:GT). This group of stocks’ market valuations are similar to NCLH’s market valuation.

As you can see these stocks had an average of 19.25 hedge funds with bullish positions and the average amount invested in these stocks was $593 million. That figure was $190 million in NCLH’s case. The Goodyear Tire & Rubber Company (NASDAQ:GT) is the most popular stock in this table. On the other hand Cencosud SA (NYSE:CNCO) is the least popular one with only 4 bullish hedge fund positions. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GT might be a better candidate to consider taking a long position in.