Bank of Montreal Can Cuts Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of Montreal Can lessened its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 870,605 shares of the company's stock after selling 50,751 shares during the quarter. Bank of Montreal Can owned 0.20% of Norwegian Cruise Line worth $22,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Rakuten Securities Inc. boosted its stake in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 0.1 %

Shares of NCLH stock traded down $0.01 on Tuesday, reaching $16.29. 17,449,311 shares of the company were exchanged, compared to its average volume of 12,692,997. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a 50-day moving average of $21.18 and a 200-day moving average of $24.09. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29.

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Analyst Ratings Changes

A number of analysts have recently commented on NCLH shares. Macquarie lifted their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. BNP Paribas initiated coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. Tigress Financial reissued a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Morgan Stanley dropped their price target on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Bank of America reduced their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average price target of $28.22.

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.