Primecap Management Co. CA Has $44.72 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Primecap Management Co. CA cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,738,005 shares of the company's stock after selling 466,265 shares during the period. Primecap Management Co. CA owned approximately 0.40% of Norwegian Cruise Line worth $44,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments Inc lifted its position in Norwegian Cruise Line by 15.2% in the third quarter. Atria Investments Inc now owns 22,113 shares of the company's stock worth $454,000 after purchasing an additional 2,910 shares during the period. GSA Capital Partners LLP lifted its position in Norwegian Cruise Line by 72.5% in the third quarter. GSA Capital Partners LLP now owns 18,662 shares of the company's stock worth $383,000 after purchasing an additional 7,846 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock worth $918,000 after purchasing an additional 521 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Norwegian Cruise Line in the third quarter worth approximately $212,000. Finally, KBC Group NV lifted its position in Norwegian Cruise Line by 15.0% in the third quarter. KBC Group NV now owns 11,946 shares of the company's stock worth $245,000 after purchasing an additional 1,559 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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Norwegian Cruise Line Stock Up 1.8 %

NYSE:NCLH traded up $0.35 during trading hours on Friday, hitting $20.44. 19,955,995 shares of the stock traded hands, compared to its average volume of 12,153,465. The firm has a 50 day moving average price of $24.49 and a 200 day moving average price of $24.22. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NCLH shares. Macquarie upped their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Morgan Stanley raised 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 report on Friday. Finally, Wells Fargo & Company upped their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.94.

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.