Mackenzie Financial Corp Sells 404,764 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mackenzie Financial Corp trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 347,849 shares of the company's stock after selling 404,764 shares during the quarter. Mackenzie Financial Corp owned 0.08% of Norwegian Cruise Line worth $6,971,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of NCLH. Louisiana State Employees Retirement System acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $515,000. Simplicity Solutions LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $273,000. Saxony Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $264,000. Koshinski Asset Management Inc. acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $223,000. Finally, Cerity Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $292,000. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NCLH has been the subject of several recent analyst reports. Mizuho began coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 price objective for the company. Susquehanna increased their price target on Norwegian Cruise Line from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Truist Financial increased their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, March 1st. Citigroup dropped their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, February 12th. Finally, The Goldman Sachs Group initiated coverage on Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Hold" and a consensus target price of $20.87.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded up $0.12 during mid-day trading on Friday, reaching $18.29. The company had a trading volume of 10,613,099 shares, compared to its average volume of 10,730,688. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.41 and a one year high of $22.75. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The business's 50-day simple moving average is $18.74 and its 200 day simple moving average is $17.33.

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