Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Harvest Fund Management Co. Ltd

Key Points

• Harvest Fund Management Co. Ltd has significantly reduced its stake in Norwegian Cruise Line Holdings Ltd by 89.1%, now holding only 4,727 shares after selling 38,774 shares.
• Other investors, including Granahan Investment Management LLC and Deutsche Bank AG, have increased or initiated positions in Norwegian Cruise Line, reflecting varied investment strategies among institutional investors.
• Norwegian Cruise Line's stock is currently rated as a "Moderate Buy" with an average target price of $25.75, according to analysts following the company.

Harvest Fund Management Co. Ltd reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 89.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,727 shares of the company's stock after selling 38,774 shares during the period. Harvest Fund Management Co. Ltd's holdings in Norwegian Cruise Line were worth $90,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. United Capital Financial Advisors LLC raised its position in Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after buying an additional 498 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Norwegian Cruise Line by 0.5% during the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after buying an additional 540 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock valued at $65,000 after acquiring an additional 654 shares during the last quarter. Burns Matteson Capital Management LLC boosted its position in shares of Norwegian Cruise Line by 4.0% during the 1st quarter. Burns Matteson Capital Management LLC now owns 17,618 shares of the company's stock valued at $334,000 after acquiring an additional 677 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Norwegian Cruise Line by 19.1% in the first quarter. Allworth Financial LP now owns 4,690 shares of the company's stock valued at $89,000 after buying an additional 753 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NCLH shares. The Goldman Sachs Group reduced 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. Stifel Nicolaus raised their target price on shares of Norwegian Cruise Line from $26.00 to $35.00 and gave the company a "buy" rating in a report on Friday. Argus reaffirmed a "hold" rating on shares of Norwegian Cruise Line in a report on Wednesday, June 18th. Bank of America raised their target price on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley reduced their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.90.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock traded down $1.08 during midday trading on Friday, reaching $24.48. 20,430,894 shares of the company were exchanged, compared to its average volume of 14,430,786. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.02 and a beta of 2.24. The firm's 50-day simple moving average is $20.77 and its 200-day simple moving average is $20.97. 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 debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Norwegian Cruise Line had a net margin of 7.52% and a return on equity of 59.88%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. On average, analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS 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.