Quantbot Technologies LP Sells 170,858 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Quantbot Technologies LP decreased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,987 shares of the company's stock after selling 170,858 shares during the period. Quantbot Technologies LP's holdings in Norwegian Cruise Line were worth $5,017,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after buying an additional 621,793 shares in the last quarter. Geode Capital Management LLC raised its holdings in Norwegian Cruise Line by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company's stock worth $215,481,000 after acquiring an additional 261,925 shares during the last quarter. Two Sigma Advisers LP lifted its position in Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after acquiring an additional 3,464,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after purchasing an additional 47,507 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Norwegian Cruise Line by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,533,849 shares of the company's stock worth $65,196,000 after purchasing an additional 91,377 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded down $0.27 during trading hours on Wednesday, reaching $20.21. 7,825,308 shares of the company traded hands, compared to its average volume of 12,162,377. The firm has a 50-day moving average price of $24.28 and a 200 day moving average price of $24.37. The company has a market cap of $8.89 billion, a P/E ratio of 18.54, a P/E/G ratio of 0.24 and a beta of 2.62. 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Macquarie lifted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Loop Capital started coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a "hold" rating and a $26.00 price objective for the company. Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a research note on Monday, March 17th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average price target of $28.94.

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.