Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,281,670 shares of the company’s stock after selling 14,400 shares during the period. Primecap Management Co. CA owned approximately 0.54% of Norwegian Cruise Line worth $45,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Segantii Capital Management Ltd purchased a new position in Norwegian Cruise Line in the third quarter valued at about $1,582,000. Deutsche Bank AG raised its holdings in Norwegian Cruise Line by 44.3% in the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after acquiring an additional 269,849 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth $1,824,000. AGF Management Ltd. grew its holdings in Norwegian Cruise Line by 27.6% during the 4th quarter. AGF Management Ltd. now owns 625,438 shares of the company’s stock worth $12,534,000 after acquiring an additional 135,121 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Norwegian Cruise Line by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,229,174 shares of the company’s stock worth $20,257,000 after purchasing an additional 34,788 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on NCLH shares. Barclays lowered their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Finally, UBS Group upped their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.00.

Check Out Our Latest Stock Analysis on NCLH

Norwegian Cruise Line Price Performance

Shares of NCLH stock traded up $0.43 during mid-day trading on Friday, hitting $16.00. 11,523,354 shares of the stock traded hands, compared to its average volume of 18,579,708. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The company’s 50-day simple moving average is $18.14 and its 200-day simple moving average is $17.74. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 0.28 and a beta of 2.59.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.13 earnings per share for the current year.

About Norwegian Cruise Line

(Free Report)

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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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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