New York State Common Retirement Fund Reduces Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

New York State Common Retirement Fund lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 414,901 shares of the company's stock after selling 88,329 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Norwegian Cruise Line worth $7,867,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Norwegian Cruise Line by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after acquiring an additional 754 shares during the period. Natixis Advisors LLC lifted its stake in Norwegian Cruise Line by 31.7% during the 4th quarter. Natixis Advisors LLC now owns 164,831 shares of the company's stock valued at $4,241,000 after acquiring an additional 39,636 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $905,000. Cibc World Markets Corp lifted its stake in Norwegian Cruise Line by 45.4% during the 4th quarter. Cibc World Markets Corp now owns 49,509 shares of the company's stock valued at $1,274,000 after acquiring an additional 15,463 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $780,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of Norwegian Cruise Line from $30.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Argus restated a "hold" rating on shares of Norwegian Cruise Line in a research report on Wednesday, June 18th. Macquarie reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Northcoast Research started 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 objective for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $23.60 on Friday. The firm's 50-day moving average is $19.70 and its two-hundred day moving average is $21.07. 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 debt-to-equity ratio of 9.09, a current ratio of 0.19 and a quick ratio of 0.16. The stock has a market capitalization of $10.54 billion, a P/E ratio of 13.64, a PEG ratio of 0.41 and a beta of 2.13.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Norwegian Cruise Line had a return on equity of 66.78% and a net margin of 9.05%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. On average, sell-side 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.

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