Pacer Advisors Inc. Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Pacer Advisors Inc. trimmed its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,333 shares of the company's stock after selling 394,042 shares during the quarter. Pacer Advisors Inc.'s holdings in Norwegian Cruise Line were worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Norwegian Cruise Line by 2.1% during the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company's stock worth $819,008,000 after acquiring an additional 1,031,053 shares during the period. BlackRock Inc. increased its stake in Norwegian Cruise Line by 1.8% in the 2nd quarter. BlackRock Inc. now owns 24,144,786 shares of the company's stock valued at $525,632,000 after buying an additional 428,579 shares during the last quarter. Capital International Investors increased 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. State Street Corp increased its stake in Norwegian Cruise Line by 4.3% in the 2nd quarter. State Street Corp now owns 14,087,436 shares of the company's stock valued at $306,683,000 after buying an additional 583,581 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Norwegian Cruise Line by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 8,850,121 shares of the company's stock valued at $118,885,000 after buying an additional 196,978 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded down $0.05 during midday trading on Wednesday, hitting $19.21. 4,212,272 shares of the company were exchanged, compared to its average volume of 12,103,463. The firm has a market capitalization of $8.18 billion, a P/E ratio of 68.79, a PEG ratio of 0.44 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. The firm's 50 day moving average price is $18.48 and its two-hundred day moving average price is $17.14. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.41 and a 52 week high of $22.75.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the previous year, the firm posted ($1.10) EPS. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Susquehanna lifted 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 note on Wednesday, February 28th. Mizuho assumed coverage on shares of Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a "neutral" rating and a $21.00 price target on the stock. Tigress Financial reiterated a "strong-buy" rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a research note on Friday, December 15th. Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Tuesday, March 5th. Finally, The Goldman Sachs Group began coverage on shares of Norwegian Cruise Line in a research report on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of "Hold" and an average price target of $20.93.

Read Our Latest Research Report on NCLH

About Norwegian Cruise Line

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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