Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lowered its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 15.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,243 shares of the company’s stock after selling 2,840 shares during the quarter. Redmond Asset Management LLC’s holdings in Norwegian Cruise Line were worth $392,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NCLH. State Street Corp lifted its stake in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after acquiring an additional 621,793 shares in the last quarter. Geode Capital Management LLC increased its stake 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 during the period. Baillie Gifford & Co. acquired a new stake in shares of Norwegian Cruise Line during the third quarter worth about $179,146,000. Two Sigma Advisers LP boosted its stake in shares of Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 94,178 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Tigress Financial increased their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Macquarie reissued an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Morgan Stanley upped their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Norwegian Cruise Line Stock Down 6.2 %

Shares of NYSE:NCLH opened at $24.09 on Friday. The firm has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $23.66. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $10.59 billion, a PE ratio of 22.10, a P/E/G ratio of 0.24 and a beta of 2.64.

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.