Axa S.A. Sells 33,204 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

AXA S.A. lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 20.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,174 shares of the company's stock after selling 33,204 shares during the period. AXA S.A.'s holdings in Norwegian Cruise Line were worth $3,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Apollon Wealth Management LLC purchased a new position in Norwegian Cruise Line in the 4th quarter valued at $272,000. Cookson Peirce & Co. Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $654,000. Jupiter Asset Management Ltd. lifted its stake in Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock valued at $55,800,000 after buying an additional 1,702,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Norwegian Cruise Line by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after acquiring an additional 47,507 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $416,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on NCLH shares. Barclays lowered their price objective on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Susquehanna reduced their price objective on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Loop Capital cut their price objective on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Northcoast Research initiated coverage on Norwegian Cruise Line in a report on Friday, April 25th. They set a "buy" rating and a $21.00 target price on the stock. Finally, StockNews.com lowered Norwegian Cruise Line from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.05.

Norwegian Cruise Line Price Performance

NYSE:NCLH traded down $0.22 on Friday, reaching $17.66. The stock had a trading volume of 9,760,592 shares, compared to its average volume of 12,672,448. The stock has a fifty day moving average price of $17.98 and a 200-day moving average price of $23.36. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a market capitalization of $7.89 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 0.24 and a beta of 2.09.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company earned $0.16 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 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.