South Dakota Investment Council Reduces Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

South Dakota Investment Council trimmed its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 35.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 259,145 shares of the company’s stock after selling 139,540 shares during the quarter. South Dakota Investment Council owned approximately 0.06% of Norwegian Cruise Line worth $6,668,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in Norwegian Cruise Line by 8,436.2% in the 4th quarter. First Horizon Advisors Inc. now owns 4,012 shares of the company’s stock valued at $103,000 after buying an additional 3,965 shares in the last quarter. Olympiad Research LP purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at $497,000. Concurrent Investment Advisors LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at $337,000. Handelsbanken Fonder AB grew its holdings in Norwegian Cruise Line by 3.4% in the 4th quarter. Handelsbanken Fonder AB now owns 115,400 shares of the company’s stock valued at $2,969,000 after buying an additional 3,800 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in Norwegian Cruise Line by 170.0% in the 4th quarter. Ieq Capital LLC now owns 33,551 shares of the company’s stock valued at $863,000 after buying an additional 21,124 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

NCLH stock opened at $24.09 on Friday. 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 firm has a market capitalization of $10.59 billion, a P/E ratio of 22.10, a P/E/G ratio of 0.24 and a beta of 2.64. The business’s 50-day moving average is $26.49 and its two-hundred day moving average is $23.66. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29.

Analyst Upgrades and Downgrades

NCLH has been the subject of several analyst reports. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. Macquarie restated an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 17th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Finally, Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.