Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Thomas J. Herzfeld Advisors Inc.

Thomas J. Herzfeld Advisors Inc. reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,207 shares of the company's stock after selling 30,000 shares during the quarter. Norwegian Cruise Line comprises about 1.8% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 15th biggest position. Thomas J. Herzfeld Advisors Inc.'s holdings in Norwegian Cruise Line were worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after purchasing an additional 277,360 shares during the period. State Street Corp grew its position in Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after acquiring an additional 621,793 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Norwegian Cruise Line by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after buying an additional 270,434 shares during the period. Norges Bank purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $113,156,000. Finally, Two Sigma Advisers LP lifted its position in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after buying an additional 3,464,100 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

NCLH has been the topic of several research analyst reports. Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Loop Capital initiated coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a "hold" rating and a $26.00 price objective for the company. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. 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 report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average target price of $28.28.

Norwegian Cruise Line Price Performance

Shares of NCLH traded up $0.49 during trading hours on Wednesday, hitting $19.55. 13,884,380 shares of the stock were exchanged, compared to its average volume of 12,346,627. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29. The stock's 50-day moving average price is $23.55 and its two-hundred day moving average price is $24.40. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Norwegian Cruise Line Company 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.