Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 44.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 503,230 shares of the company’s stock after selling 402,211 shares during the quarter. New York State Common Retirement Fund’s holdings in Norwegian Cruise Line were worth $12,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Avior Wealth Management LLC raised its position in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after buying an additional 429 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Norwegian Cruise Line by 2.1% during the third quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares during the period. Mount Lucas Management LP boosted its stake in Norwegian Cruise Line by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after purchasing an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 6.2 %

Shares of Norwegian Cruise Line stock opened at $24.09 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The stock has a 50-day moving average price of $26.49 and a 200 day moving average price of $23.72. The company has a market cap of $10.59 billion, a P/E ratio of 22.10, a P/E/G ratio of 0.24 and a beta of 2.64.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NCLH shares. UBS Group raised their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho raised their price objective on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America boosted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.