Mirae Asset Global Investments Co. Ltd. Decreases Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,681 shares of the company’s stock after selling 930 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Norwegian Cruise Line were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its holdings in shares of Norwegian Cruise Line by 2.5% in the third quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock worth $465,000 after acquiring an additional 693 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Norwegian Cruise Line in the 3rd quarter valued at about $544,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth about $243,000. Everence Capital Management Inc. purchased a new stake in shares of Norwegian Cruise Line during the third quarter worth about $238,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Norwegian Cruise Line in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $18.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 5th. The Goldman Sachs Group started coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They issued a “neutral” rating and a $19.00 price objective for the company. 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. Truist Financial raised their price target on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Finally, Citigroup dropped their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.87.

Norwegian Cruise Line Trading Up 1.4 %

Shares of NCLH stock opened at $18.55 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm’s 50 day moving average price is $18.78 and its two-hundred day moving average price is $17.34. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 66.25, a price-to-earnings-growth ratio of 0.38 and a beta of 2.60. 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 announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company posted ($1.10) earnings per share. On average, analysts anticipate 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.