Bank of New York Mellon Corp Sells 20,817 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of New York Mellon Corp reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,513,032 shares of the company's stock after selling 20,817 shares during the quarter. Bank of New York Mellon Corp owned about 0.57% of Norwegian Cruise Line worth $47,647,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NCLH. Capital International Investors increased its stake in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company's stock valued at $1,420,159,000 after acquiring an additional 5,557,951 shares during the last quarter. Norges Bank bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $113,156,000. Two Sigma Advisers LP raised its holdings in shares of Norwegian Cruise Line by 99.0% during the 4th quarter. Two Sigma Advisers LP now owns 7,689,200 shares of the company's stock valued at $197,843,000 after buying an additional 3,824,600 shares in the last quarter. Voloridge Investment Management LLC lifted its position in Norwegian Cruise Line by 3,403.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,374,576 shares of the company's stock worth $86,828,000 after buying an additional 3,278,249 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock worth $143,502,000 after buying an additional 2,959,631 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NCLH. The Goldman Sachs Group decreased their target price 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. Susquehanna dropped their target price on Norwegian Cruise Line from $27.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Truist Financial lowered their price objective on Norwegian Cruise Line from $35.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Loop Capital decreased their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Northcoast Research assumed coverage on shares of Norwegian Cruise Line in a research report on Friday, April 25th. They set a "buy" rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and a consensus price target of $25.16.

Norwegian Cruise Line Stock Up 2.9%

Shares of NYSE:NCLH traded up $0.66 during midday trading on Monday, reaching $23.28. The company's stock had a trading volume of 13,488,112 shares, compared to its average volume of 14,084,546. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 9.09. The firm has a 50 day moving average of $19.12 and a 200-day moving average of $21.12. The firm has a market capitalization of $10.40 billion, a P/E ratio of 13.46, a PEG ratio of 0.39 and a beta of 2.13.

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 the consensus estimate of $0.09 by ($0.02). The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. On average, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

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.