Handelsbanken Fonder AB Has $1.66 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Handelsbanken Fonder AB cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 50.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,800 shares of the company's stock after selling 82,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Norwegian Cruise Line were worth $1,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.5% in the 3rd quarter. AE Wealth Management LLC now owns 28,188 shares of the company's stock valued at $465,000 after buying an additional 693 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Norwegian Cruise Line in the third quarter valued at $64,000. Czech National Bank lifted its stake in Norwegian Cruise Line by 48.1% in the third quarter. Czech National Bank now owns 74,356 shares of the company's stock valued at $1,225,000 after acquiring an additional 24,144 shares during the last quarter. Xponance Inc. grew its position in shares of Norwegian Cruise Line by 6.8% in the 3rd quarter. Xponance Inc. now owns 76,054 shares of the company's stock valued at $1,253,000 after acquiring an additional 4,849 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth about $202,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded down $0.31 during midday trading on Friday, reaching $19.04. The company's stock had a trading volume of 10,044,558 shares, compared to its average volume of 10,474,230. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The company has a market cap of $8.10 billion, a P/E ratio of 68.00, a P/E/G ratio of 0.40 and a beta of 2.60. The business's 50 day moving average price is $19.01 and its two-hundred day moving average price is $17.42. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.42 and a fifty-two week high of $22.75.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data 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 for 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 last year, the business earned ($1.10) EPS. On average, analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NCLH has been the subject of a number of research analyst reports. Citigroup reduced their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, February 12th. Morgan Stanley raised their price target on Norwegian Cruise Line from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Tuesday, March 5th. Barclays upped their price objective on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, February 28th. Mizuho began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of 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 investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.87.

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.