Quantbot Technologies LP Sells 170,858 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantbot Technologies LP decreased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 46.7% during the fourth quarter, HoldingsChannel reports. The fund owned 194,987 shares of the company’s stock after selling 170,858 shares during the quarter. Quantbot Technologies LP’s holdings in Norwegian Cruise Line were worth $5,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after buying an additional 509 shares during the period. Vinva Investment Management Ltd grew its position in Norwegian Cruise Line by 3.6% during the third quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company’s stock worth $309,000 after buying an additional 528 shares in the last quarter. Rakuten Securities Inc. increased its stake 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 acquiring an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock valued at $86,000 after acquiring an additional 754 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 1.8 %

NCLH opened at $20.44 on Friday. The firm has a 50-day simple moving average of $24.49 and a two-hundred day simple moving average of $24.22. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $8.99 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29.

Analyst Upgrades and Downgrades

NCLH has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Monday, March 17th. Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Bank of America cut their target price on shares of 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. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $22.00 in a research report on Friday. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $28.94.

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.