Signaturefd LLC Sells 2,405 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Signaturefd LLC decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 18.0% in the third quarter, Holdings Channel reports. The fund owned 10,960 shares of the company’s stock after selling 2,405 shares during the quarter. Signaturefd LLC’s holdings in Norwegian Cruise Line were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after acquiring an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Norwegian Cruise Line by 120.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock valued at $470,889,000 after acquiring an additional 12,313,426 shares during the last quarter. Capital International Investors lifted its holdings in shares of Norwegian Cruise Line by 0.5% in the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after acquiring an additional 102,948 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Norwegian Cruise Line by 32.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock valued at $85,835,000 after acquiring an additional 1,129,770 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 18.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock valued at $33,590,000 after acquiring an additional 280,654 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NCLH shares. Macquarie increased their price target on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Truist Financial raised their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their price objective on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Barclays raised their price objective on shares of Norwegian Cruise Line from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.63.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $23.16 on Friday. The firm has a market cap of $9.94 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 0.34 and a beta of 2.71. The firm’s 50 day simple moving average is $20.07 and its 200-day simple moving average is $18.38. The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.22 and a current ratio of 0.24. Norwegian Cruise Line Holdings Ltd. has a one year low of $12.70 and a one year high of $24.80.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. As a group, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 1.38 EPS for the current year.

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.