Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 5.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 239,070 shares of the company's stock after selling 13,775 shares during the period. Van ECK Associates Corp owned 0.05% of Norwegian Cruise Line worth $6,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prestige Wealth Management Group LLC grew its position in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 800 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $27,000. R Squared Ltd acquired a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC raised its holdings in Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after buying an additional 429 shares during the period. Finally, Blue Trust Inc. lifted its position in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after buying an additional 1,817 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 6.2 %

NYSE:NCLH traded down $1.59 during mid-day trading on Friday, reaching $24.09. The stock had a trading volume of 15,788,770 shares, compared to its average volume of 8,886,367. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 0.25 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The stock's 50 day simple moving average is $26.49 and its two-hundred day simple moving average is $23.60.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Morgan Stanley increased their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a report on Tuesday, November 12th. Argus upgraded Norwegian Cruise Line from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus target price of $29.06.

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.