Hsbc Holdings PLC Sells 66,455 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hsbc Holdings PLC lessened its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) by 14.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 408,969 shares of the company’s stock after selling 66,455 shares during the quarter. Hsbc Holdings PLC owned approximately 0.10% of Norwegian Cruise Line worth $8,302,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NCLH. Norges Bank acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $83,243,000. Invesco Ltd. lifted its stake in Norwegian Cruise Line by 22.4% in the third quarter. Invesco Ltd. now owns 8,197,327 shares of the company’s stock valued at $135,092,000 after buying an additional 1,499,622 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Norwegian Cruise Line by 58.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,105,324 shares of the company’s stock worth $62,240,000 after buying an additional 1,141,086 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company’s stock worth $819,008,000 after buying an additional 1,031,053 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of Norwegian Cruise Line by 357.4% in the 4th quarter. Panagora Asset Management Inc. now owns 1,067,151 shares of the company’s stock valued at $21,386,000 after acquiring an additional 833,850 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NYSE NCLH opened at $17.19 on Tuesday. The company has a fifty day moving average price of $17.71 and a 200-day moving average price of $17.89. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 0.28 and a beta of 2.62. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.75.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NCLH has been the topic of several research analyst reports. Barclays cut their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price target on Norwegian Cruise Line from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Finally, Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $21.00 in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.25.

Read Our Latest Stock Report on NCLH

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne acquired 13,360 shares of the business’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $16.50 per share, with a total value of $220,440.00. Following the completion of the transaction, the director now owns 13,360 shares in the company, valued at $220,440. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

Norwegian Cruise Line Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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