Mount Lucas Management LP Reduces Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mount Lucas Management LP trimmed its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,200 shares of the company’s stock after selling 3,855 shares during the quarter. Mount Lucas Management LP’s holdings in Norwegian Cruise Line were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCLH. Prestige Wealth Management Group LLC raised its position 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 valued at $25,000 after purchasing an additional 800 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. Finally, Venturi Wealth Management LLC raised its position in shares of Norwegian Cruise Line by 238.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after purchasing an additional 880 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NCLH has been the topic of several research reports. Bank of America lowered their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, December 17th. Finally, Loop Capital started coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Price Performance

NCLH stock opened at $18.72 on Tuesday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The stock has a market cap of $8.23 billion, a PE ratio of 17.17, a P/E/G ratio of 0.24 and a beta of 2.62. The firm has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $24.21.

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.