Vanguard Group Inc. Sells 556,572 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Vanguard Group Inc. lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 52,688,199 shares of the company’s stock after selling 556,572 shares during the quarter. Vanguard Group Inc. owned 0.12% of Norwegian Cruise Line worth $1,297,710,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in shares of Norwegian Cruise Line by 26.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock worth $439,000 after buying an additional 4,872 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Norwegian Cruise Line by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after acquiring an additional 2,002 shares in the last quarter. Woodline Partners LP grew its holdings in Norwegian Cruise Line by 40.7% in the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock worth $704,000 after purchasing an additional 10,743 shares during the last quarter. CWM LLC increased its position in shares of Norwegian Cruise Line by 17.7% during the second quarter. CWM LLC now owns 26,651 shares of the company’s stock worth $540,000 after purchasing an additional 4,001 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at $805,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 2.4%

Norwegian Cruise Line stock opened at $24.30 on Friday. The stock has a 50-day moving average price of $22.64 and a 200 day moving average price of $22.61. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.63 and a beta of 2.06. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $27.18. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 6.22.

Analysts Set New Price Targets

Several research analysts recently weighed in on NCLH shares. The Goldman Sachs Group downgraded Norwegian Cruise Line from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $21.00 in a research note on Tuesday, December 9th. Barclays lowered Norwegian Cruise Line from an “overweight” rating to an “equal weight” rating and set a $23.00 price target on the stock. in a research note on Wednesday, February 11th. Mizuho increased their price objective on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Norwegian Cruise Line in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 price target (down previously from $28.00) on shares of Norwegian Cruise Line in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.32.

Norwegian Cruise Line Profile

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.