Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 88.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 51,333 shares of the company’s stock after selling 394,042 shares during the period. Pacer Advisors Inc.’s holdings in Norwegian Cruise Line were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock valued at $988,111,000 after buying an additional 5,549,673 shares during the last quarter. Lombard Odier Asset Management USA Corp lifted its stake in Norwegian Cruise Line by 100.4% in the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock valued at $214,000 after acquiring an additional 4,376,855 shares during the last quarter. Norges Bank acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $46,141,000. Capital International Investors grew its stake in Norwegian Cruise Line by 15.7% in the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after buying an additional 2,875,079 shares during the last quarter. Finally, Ariel Investments LLC grew its position in shares of Norwegian Cruise Line by 113.5% in the first quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock valued at $77,203,000 after purchasing an additional 1,876,020 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NCLH. Barclays increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. 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 target on the stock. Truist Financial lifted their price objective on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 5th. Finally, Susquehanna boosted their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line has a consensus rating of “Hold” and a consensus price target of $20.93.

Norwegian Cruise Line Stock Down 8.0 %

NYSE NCLH opened at $19.26 on Wednesday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.41 and a 52 week high of $22.75. The stock has a market capitalization of $8.20 billion, a P/E ratio of 68.79, a price-to-earnings-growth ratio of 0.44 and a beta of 2.60. The stock has a fifty day moving average of $18.48 and a 200-day moving average of $17.14.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted ($1.10) EPS. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 0.99 EPS for the current year.

Norwegian Cruise Line 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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