Allspring Global Investments Holdings LLC Has $422,000 Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Allspring Global Investments Holdings LLC cut its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,068 shares of the company’s stock after selling 5,581 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Norwegian Cruise Line were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NCLH. AE Wealth Management LLC raised its stake in Norwegian Cruise Line by 2.5% during the 3rd quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock valued at $465,000 after purchasing an additional 693 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter valued at $64,000. Czech National Bank raised its stake in Norwegian Cruise Line by 48.1% during the 3rd quarter. Czech National Bank now owns 74,356 shares of the company’s stock valued at $1,225,000 after purchasing an additional 24,144 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Norwegian Cruise Line by 100.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 165,600 shares of the company’s stock valued at $2,729,000 after purchasing an additional 82,800 shares during the last quarter. Finally, Xponance Inc. raised its stake in Norwegian Cruise Line by 6.8% during the 3rd quarter. Xponance Inc. now owns 76,054 shares of the company’s stock valued at $1,253,000 after purchasing an additional 4,849 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NCLH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Mizuho began coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 target price on the stock. Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group began coverage on shares of Norwegian Cruise Line in a report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price objective on the stock. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Hold” and an average price target of $20.87.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $19.04 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 40.94. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.42 and a 1 year high of $22.75. The company has a market cap of $8.10 billion, a PE ratio of 68.00, a PEG ratio of 0.40 and a beta of 2.60. The company’s 50-day moving average is $19.01 and its two-hundred day moving average is $17.41.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The business 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 previous year, the company posted ($1.10) earnings per share. Equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current year.

Norwegian Cruise Line Company 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.