Guggenheim Capital LLC cut its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,966 shares of the company's stock after selling 38,814 shares during the quarter. Guggenheim Capital LLC's holdings in Norwegian Cruise Line were worth $1,903,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of NCLH. CreativeOne Wealth LLC grew its holdings in Norwegian Cruise Line by 103.3% in the 4th quarter. CreativeOne Wealth LLC now owns 29,920 shares of the company's stock valued at $770,000 after buying an additional 15,205 shares in the last quarter. Mariner LLC raised its stake in Norwegian Cruise Line by 26.9% in the 4th quarter. Mariner LLC now owns 66,881 shares of the company's stock worth $1,721,000 after purchasing an additional 14,179 shares in the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $1,232,000. Synovus Financial Corp increased its holdings in shares of Norwegian Cruise Line by 1.0% during the fourth quarter. Synovus Financial Corp now owns 89,066 shares of the company's stock worth $2,292,000 after purchasing an additional 858 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $955,000. Institutional investors and hedge funds own 69.58% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on NCLH. Citigroup upped their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus reduced their target price on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price objective on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.94.
Read Our Latest Stock Analysis on NCLH
Norwegian Cruise Line Trading Up 2.5 %
Shares of NYSE:NCLH traded up $0.42 during mid-day trading on Wednesday, hitting $17.03. The company had a trading volume of 18,225,807 shares, compared to its average volume of 12,755,010. The company has a market capitalization of $7.49 billion, a PE ratio of 15.62, a price-to-earnings-growth 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. The firm has a fifty day moving average price of $19.93 and a 200 day moving average price of $23.91. 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 Profile
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Free Report)
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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