Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by ING Groep NV

ING Groep NV lowered its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 59.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 338,760 shares of the company’s stock after selling 492,745 shares during the quarter. ING Groep NV’s holdings in Norwegian Cruise Line were worth $8,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Norwegian Cruise Line by 4.3% during the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after purchasing an additional 621,793 shares in the last quarter. Geode Capital Management LLC raised its holdings in Norwegian Cruise Line by 2.6% during the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock worth $215,481,000 after purchasing an additional 261,925 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at $179,146,000. Two Sigma Advisers LP increased its holdings in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after acquiring an additional 94,178 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Argus raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Mizuho lifted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group lifted their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.06.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $24.09 on Friday. The firm has a market capitalization of $10.59 billion, a P/E ratio of 22.10, a PEG ratio of 0.25 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The company’s fifty day moving average is $26.49 and its two-hundred day moving average is $23.60. 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 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.