Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,268 shares of the company’s stock after selling 4,136 shares during the quarter. MML Investors Services LLC’s holdings in Norwegian Cruise Line were worth $287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Vanguard Group Inc. grew its stake in Norwegian Cruise Line by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after purchasing an additional 5,549,673 shares in the last quarter. Capital International Investors lifted its holdings in Norwegian Cruise Line by 15.7% during the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after buying an additional 2,875,079 shares during the last quarter. Ariel Investments LLC lifted its holdings in Norwegian Cruise Line by 113.5% during the 1st quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock worth $77,203,000 after buying an additional 1,876,020 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Norwegian Cruise Line by 167,179.0% during the 3rd quarter. Pacer Advisors Inc. now owns 1,115,751 shares of the company’s stock worth $12,675,000 after buying an additional 1,115,084 shares during the last quarter. Finally, State Street Corp lifted its holdings in Norwegian Cruise Line by 8.6% during the 1st quarter. State Street Corp now owns 13,336,773 shares of the company’s stock worth $291,809,000 after buying an additional 1,050,800 shares during the last quarter. 57.17% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 2.2 %

NCLH opened at $14.06 on Friday. The business has a 50 day moving average price of $15.61 and a two-hundred day moving average price of $15.03. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 32.25. The company has a market cap of $5.93 billion, a PE ratio of -2.60 and a beta of 2.51. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $10.31 and a 52 week high of $23.43.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group decreased their price target on Norwegian Cruise Line from $19.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, January 9th. Credit Suisse Group reaffirmed an “underperform” rating and set a $13.00 price target on shares of Norwegian Cruise Line in a report on Wednesday, March 1st. Morgan Stanley downgraded Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $13.00 to $11.50 in a report on Tuesday, January 10th. Citigroup reduced their target price on Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Finally, Truist Financial boosted their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.04.

About Norwegian Cruise Line

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.