Cibc World Market Inc. Sells 40,159 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Cibc World Market Inc. lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,224,693 shares of the company’s stock after selling 40,159 shares during the period. Cibc World Market Inc. owned approximately 0.27% of Norwegian Cruise Line worth $30,164,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Chapin Davis Inc. bought a new position in Norwegian Cruise Line in the 3rd quarter valued at $3,604,000. New York State Common Retirement Fund boosted its stake in shares of Norwegian Cruise Line by 23.3% during the third quarter. New York State Common Retirement Fund now owns 593,189 shares of the company’s stock valued at $14,610,000 after purchasing an additional 111,982 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Norwegian Cruise Line by 27.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 457,169 shares of the company’s stock worth $11,059,000 after purchasing an additional 97,275 shares during the last quarter. Goldentree Asset Management LP increased its stake in Norwegian Cruise Line by 23.9% in the 2nd quarter. Goldentree Asset Management LP now owns 3,997,792 shares of the company’s stock worth $80,908,000 after buying an additional 771,955 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new position in Norwegian Cruise Line in the 2nd quarter worth about $3,407,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

NCLH opened at $22.92 on Thursday. The firm has a market capitalization of $10.43 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.59 and a beta of 2.06. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. The business’s 50-day moving average is $22.10 and its two-hundred day moving average is $22.65. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $27.41.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NCLH shares. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $21.00 in a research note on Tuesday, December 9th. Truist Financial decreased their target price on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Norwegian Cruise Line in a research report on Thursday, January 22nd. Finally, Morgan Stanley cut their price target on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.74.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.