Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC cut its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company’s stock after selling 1,000 shares during the period. AdvisorShares Investments LLC’s holdings in Norwegian Cruise Line were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line during the 4th quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Rakuten Securities Inc. grew its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at about $31,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NCLH. Tigress Financial restated a “strong-buy” rating and set a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Bank of America cut their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group lowered their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Melius Research upgraded shares of Norwegian Cruise Line to a “strong-buy” rating in a research report on Monday, April 21st. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price on the stock. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.63.

Norwegian Cruise Line Stock Down 0.3 %

Shares of NYSE NCLH opened at $17.39 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The stock has a market cap of $7.65 billion, a P/E ratio of 15.95, a PEG ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The business’s fifty day simple moving average is $19.00 and its 200-day simple moving average is $23.74.

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.