Federated Hermes Inc. Sells 48,560 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Federated Hermes Inc. decreased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 96.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,995 shares of the company’s stock after selling 48,560 shares during the period. Federated Hermes Inc.’s holdings in Norwegian Cruise Line were worth $40,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System boosted its holdings in Norwegian Cruise Line by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock valued at $2,334,000 after acquiring an additional 800 shares during the period. Avantax Advisory Services Inc. grew its holdings in Norwegian Cruise Line by 1.0% in the 3rd quarter. Avantax Advisory Services Inc. now owns 89,063 shares of the company’s stock valued at $1,468,000 after buying an additional 909 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Norwegian Cruise Line by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 185,665 shares of the company’s stock worth $3,060,000 after buying an additional 950 shares during the period. Larson Financial Group LLC increased its position in Norwegian Cruise Line by 38.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 43,724 shares of the company’s stock worth $721,000 after buying an additional 1,110 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Down 3.7 %

NCLH opened at $15.60 on Wednesday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 0.31 and a beta of 2.59. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24. The firm’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $17.52. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $12.70 and a twelve month high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) earnings per share 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 return on equity of 136.20% and a net margin of 3.84%. During the same period in the previous year, the business posted ($1.10) EPS. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, February 12th. Truist Financial upped their price objective on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Susquehanna decreased their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Finally, Mizuho began coverage on Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.67.

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.