South Dakota Investment Council Reduces Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

South Dakota Investment Council cut its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 17.9% during the fourth quarter, Holdings Channel reports. The firm owned 407,579 shares of the company’s stock after selling 88,800 shares during the period. South Dakota Investment Council’s holdings in Norwegian Cruise Line were worth $8,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of NCLH. Segantii Capital Management Ltd purchased a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $1,582,000. Deutsche Bank AG raised its holdings in shares of Norwegian Cruise Line by 44.3% during the third quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock worth $14,491,000 after purchasing an additional 269,849 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Norwegian Cruise Line by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock valued at $44,361,000 after purchasing an additional 126,147 shares during the period. Handelsbanken Fonder AB boosted its holdings in Norwegian Cruise Line by 100.0% in the third quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock valued at $2,729,000 after purchasing an additional 82,800 shares during the last quarter. Finally, WealthPlan Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 3rd quarter worth about $1,824,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Mizuho began coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 price objective on the stock. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Truist Financial increased their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Citigroup dropped their price objective on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $20.87.

Norwegian Cruise Line Trading Down 1.3 %

Shares of NYSE:NCLH traded down $0.25 during mid-day trading on Wednesday, reaching $19.29. 8,396,714 shares of the company were exchanged, compared to its average volume of 11,945,418. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.41 and a 1 year high of $22.75. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The firm’s 50-day simple moving average is $18.84 and its 200 day simple moving average is $17.36. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 69.86, a P/E/G ratio of 0.39 and a beta of 2.60.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted ($1.10) earnings per share. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current year.

Norwegian Cruise Line 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.