Charles Schwab Investment Management Inc. Lowers Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Charles Schwab Investment Management Inc. reduced its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,793,378 shares of the company's stock after selling 171,208 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of Norwegian Cruise Line worth $76,019,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $225,000. Private Advisor Group LLC raised its stake in shares of Norwegian Cruise Line by 6.6% during the fourth quarter. Private Advisor Group LLC now owns 25,540 shares of the company's stock valued at $512,000 after acquiring an additional 1,581 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Norwegian Cruise Line by 19.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,049,884 shares of the company's stock valued at $21,040,000 after acquiring an additional 170,341 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Norwegian Cruise Line by 2.1% in the fourth quarter. New York Life Investment Management LLC now owns 106,572 shares of the company's stock valued at $2,136,000 after purchasing an additional 2,237 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Norwegian Cruise Line by 6.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,305,968 shares of the company's stock worth $26,172,000 after purchasing an additional 76,794 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

NYSE:NCLH traded down $0.22 during trading hours on Tuesday, hitting $15.62. 28,758,981 shares of the company were exchanged, compared to its average volume of 12,958,117. The company's 50 day moving average price is $18.71 and its 200-day moving average price is $17.61. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.29 and a beta of 2.59. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22.

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). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted ($1.10) EPS. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NCLH shares. 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 research note on Tuesday, March 5th. Wells Fargo & Company dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 2nd. Susquehanna reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. The Goldman Sachs Group began coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a "neutral" rating and a $19.00 target price on the stock. Finally, StockNews.com raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.67.

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.