Shell Asset Management Co. Sells 2,185 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Shell Asset Management Co. lessened its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,789 shares of the company’s stock after selling 2,185 shares during the period. Shell Asset Management Co.’s holdings in Norwegian Cruise Line were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NCLH. Quent Capital LLC lifted its stake in Norwegian Cruise Line by 66.5% in the 4th quarter. Quent Capital LLC now owns 2,064 shares of the company’s stock valued at $25,000 after purchasing an additional 824 shares during the last quarter. Eagle Bay Advisors LLC increased its position in Norwegian Cruise Line by 729.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 2,274 shares of the company’s stock valued at $26,000 after acquiring an additional 2,000 shares during the period. Covestor Ltd increased its position in Norwegian Cruise Line by 5,020.8% in the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after acquiring an additional 1,205 shares during the period. MADDEN SECURITIES Corp acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $28,000. Finally, Eisler Capital UK Ltd. acquired a new position in Norwegian Cruise Line in the 3rd quarter valued at approximately $30,000. Institutional investors own 57.17% of the company’s stock.

Norwegian Cruise Line Stock Down 3.1 %

Norwegian Cruise Line stock opened at $13.24 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $10.31 and a 1-year high of $18.67. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of -3.85 and a beta of 2.49. The firm’s fifty day moving average price is $13.21 and its two-hundred day moving average price is $14.15. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 184.14.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last released its quarterly earnings data on Monday, May 1st. The company reported ($0.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.21. Norwegian Cruise Line had a negative net margin of 23.54% and a negative return on equity of 448.59%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm earned ($1.90) earnings per share. The business’s quarterly revenue was up 249.1% compared to the same quarter last year. On average, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on NCLH. Truist Financial decreased their price target on shares of Norwegian Cruise Line from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, March 23rd. Stifel Nicolaus increased their price objective on shares of Norwegian Cruise Line from $21.00 to $22.00 in a research report on Tuesday, May 2nd. Susquehanna decreased their price objective on shares of Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a research report on Wednesday, March 29th. Credit Suisse Group reiterated an “underperform” rating and set a $13.00 price objective on shares of Norwegian Cruise Line in a research report on Wednesday, March 1st. Finally, Barclays decreased their price objective on shares of Norwegian Cruise Line from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.50.

Norwegian Cruise Line Profile

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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.