Hodges Capital Management Inc. trimmed its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,023,862 shares of the company's stock after selling 520,653 shares during the period. Norwegian Cruise Line comprises approximately 1.6% of Hodges Capital Management Inc.'s holdings, making the stock its 14th largest holding. Hodges Capital Management Inc. owned about 0.23% of Norwegian Cruise Line worth $26,344,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Caprock Group LLC bought a new position in shares of Norwegian Cruise Line during the fourth quarter worth about $219,000. Hanson & Doremus Investment Management grew its position in shares of Norwegian Cruise Line by 3.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 80,627 shares of the company's stock valued at $2,075,000 after purchasing an additional 2,518 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $304,000. R Squared Ltd acquired a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $31,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in Norwegian Cruise Line by 5.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company's stock valued at $396,000 after purchasing an additional 784 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.
Norwegian Cruise Line Trading Up 0.5 %
NCLH stock traded up $0.15 during midday trading on Thursday, hitting $28.28. 5,929,155 shares of the company's stock were exchanged, compared to its average volume of 8,271,785. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The business has a 50-day simple moving average of $26.66 and a two-hundred day simple moving average of $22.95. The stock has a market capitalization of $12.43 billion, a PE ratio of 25.94, a P/E/G ratio of 0.26 and a beta of 2.64. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.
Insider Buying and Selling at Norwegian Cruise Line
In related news, CAO Faye L. Ashby sold 38,344 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the sale, the chief accounting officer now owns 116,270 shares in the company, valued at approximately $3,174,171. The trade was a 24.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on NCLH shares. Tigress Financial raised their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a report on Monday, November 11th. UBS Group boosted their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.06.
View Our Latest Research Report on Norwegian Cruise Line
About Norwegian Cruise Line
(
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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