Corient Private Wealth LLC Trims Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Corient Private Wealth LLC cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,972 shares of the company's stock after selling 70,852 shares during the period. Corient Private Wealth LLC's holdings in Norwegian Cruise Line were worth $2,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its stake in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after buying an additional 429 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after purchasing an additional 509 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in Norwegian Cruise Line by 3.6% in the 3rd quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company's stock worth $309,000 after purchasing an additional 528 shares in the last quarter. Rakuten Securities Inc. grew its position in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Norwegian Cruise Line by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

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Norwegian Cruise Line Price Performance

NCLH stock traded down $0.33 during mid-day trading on Thursday, reaching $19.89. 6,928,818 shares of the company's stock were exchanged, compared to its average volume of 12,149,482. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The stock's 50 day moving average is $24.17 and its 200 day moving average is $24.34. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29.

Analyst Ratings Changes

Several equities research analysts have recently commented on NCLH shares. Citigroup lifted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Morgan Stanley upgraded Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $27.00 to $22.00 in a research note on Friday, March 21st. Tigress Financial restated a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.47.

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.