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

ING Groep NV reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 59.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 338,760 shares of the company’s stock after selling 492,745 shares during the period. ING Groep NV owned 0.08% of Norwegian Cruise Line worth $8,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $272,000. Zacks Investment Management purchased a new position in Norwegian Cruise Line during the third quarter worth about $3,821,000. Hodges Capital Management Inc. boosted its stake in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after buying an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after buying an additional 94,178 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake 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 buying an additional 163,777 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 6.2 %

Shares of Norwegian Cruise Line stock opened at $24.09 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $29.29. The company has a 50 day moving average of $26.49 and a 200 day moving average of $23.60. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $10.59 billion, a P/E ratio of 22.10, a P/E/G ratio of 0.25 and a beta of 2.64.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NCLH. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Macquarie reaffirmed an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Loop Capital started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price for the company. Finally, UBS Group raised their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.06.

About Norwegian Cruise Line

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.