Vontobel Holding Ltd. Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Vontobel Holding Ltd. lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,057 shares of the company’s stock after selling 5,193 shares during the quarter. Vontobel Holding Ltd.’s holdings in Norwegian Cruise Line were worth $2,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd raised its position in Norwegian Cruise Line by 5,020.8% during the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after purchasing an additional 1,205 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Norwegian Cruise Line by 272.7% during the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after purchasing an additional 1,358 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Norwegian Cruise Line by 38.0% in the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after purchasing an additional 984 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $64,000. Finally, Mendota Financial Group LLC bought a new position in Norwegian Cruise Line in the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NCLH shares. Mizuho assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Citigroup dropped their price target on Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 price target on shares of Norwegian Cruise Line in a report on Friday, January 5th. Finally, Susquehanna upped their price objective on Norwegian Cruise Line from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $18.17 on Friday. The stock has a market cap of $7.73 billion, a PE ratio of 64.90, a price-to-earnings-growth ratio of 0.38 and a beta of 2.60. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.41 and a 52-week high of $22.75. The business has a 50-day simple moving average of $18.70 and a 200-day simple moving average of $17.30. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 40.94.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. During the same quarter in the prior year, the business posted ($1.10) EPS. On average, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current year.

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.