New York State Common Retirement Fund Trims Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

New York State Common Retirement Fund lowered its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 503,230 shares of the company’s stock after selling 402,211 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Norwegian Cruise Line worth $12,948,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at about $272,000. Zacks Investment Management purchased a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $3,821,000. Hodges Capital Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in Norwegian Cruise Line by 1,104.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock worth $3,663,000 after acquiring an additional 163,777 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a research note on Thursday, January 23rd. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target on the stock. Bank of America lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Tigress Financial upped their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Norwegian Cruise Line Price Performance

NCLH opened at $24.09 on Monday. The company has a market capitalization of $10.59 billion, a P/E ratio of 22.10, a PEG ratio of 0.24 and a beta of 2.64. The company has a 50-day moving average of $26.49 and a 200-day moving average of $23.72. 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 Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29.

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.