Federated Hermes Inc. Reduces Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Federated Hermes Inc. trimmed its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 96.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,995 shares of the company’s stock after selling 48,560 shares during the quarter. Federated Hermes Inc.’s holdings in Norwegian Cruise Line were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NCLH. Segantii Capital Management Ltd acquired a new stake in Norwegian Cruise Line during the third quarter worth approximately $1,582,000. Deutsche Bank AG grew its position in shares of Norwegian Cruise Line by 44.3% in the 3rd quarter. Deutsche Bank AG now owns 879,293 shares of the company’s stock valued at $14,491,000 after buying an additional 269,849 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Norwegian Cruise Line by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,691,795 shares of the company’s stock worth $44,361,000 after acquiring an additional 126,147 shares in the last quarter. WealthPlan Investment Management LLC purchased a new stake in Norwegian Cruise Line in the third quarter valued at $1,824,000. Finally, Mackenzie Financial Corp boosted its stake in Norwegian Cruise Line by 5,714.8% in the third quarter. Mackenzie Financial Corp now owns 752,613 shares of the company’s stock valued at $11,929,000 after acquiring an additional 739,670 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on NCLH shares. Mizuho initiated coverage on Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 target price on the stock. The Goldman Sachs Group started coverage on Norwegian Cruise Line in a report on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 price objective for the company. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $25.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, April 9th. Finally, Barclays dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued 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, Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $20.67.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $15.60 on Wednesday. The firm has a market capitalization of $6.69 billion, a PE ratio of 22.29, a P/E/G ratio of 0.31 and a beta of 2.59. The stock’s 50 day moving average is $19.12 and its two-hundred day moving average is $17.52. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share 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 business 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 company earned ($1.10) EPS. Research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current year.

About Norwegian Cruise Line

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.