California Public Employees Retirement System Sells 37,342 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

California Public Employees Retirement System reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 707,335 shares of the company's stock after selling 37,342 shares during the period. California Public Employees Retirement System owned about 0.16% of Norwegian Cruise Line worth $18,200,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Norwegian Cruise Line by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 316,457 shares of the company's stock valued at $6,491,000 after buying an additional 983 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Norwegian Cruise Line by 45.1% in the third quarter. Townsquare Capital LLC now owns 18,300 shares of the company's stock worth $375,000 after acquiring an additional 5,687 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Norwegian Cruise Line by 5.5% during the third quarter. Public Sector Pension Investment Board now owns 76,699 shares of the company's stock worth $1,573,000 after purchasing an additional 4,000 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Norwegian Cruise Line by 0.7% during the third quarter. Chevy Chase Trust Holdings LLC now owns 235,883 shares of the company's stock valued at $4,838,000 after purchasing an additional 1,530 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 12.1% in the third quarter. HighTower Advisors LLC now owns 86,544 shares of the company's stock valued at $1,778,000 after purchasing an additional 9,309 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on NCLH. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price objective for the company. Bank of America cut their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded up $2.93 during midday trading on Wednesday, reaching $18.47. 30,218,075 shares of the stock were exchanged, compared to its average volume of 12,592,741. The stock's 50 day simple moving average is $21.87 and its 200 day simple moving average is $24.16. The company has a market cap of $8.12 billion, a P/E ratio of 16.94, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line Profile

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.