Principal Financial Group Inc. Sells 3,842 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Principal Financial Group Inc. reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 483,905 shares of the company’s stock after selling 3,842 shares during the quarter. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line were worth $9,093,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in Norwegian Cruise Line by 87.8% in the 4th quarter. Capital Research Global Investors now owns 57,049,928 shares of the company’s stock worth $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter. Vanguard Group Inc. raised its position in Norwegian Cruise Line by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock valued at $1,036,870,000 after purchasing an additional 324,287 shares in 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 worth $470,889,000 after buying an additional 12,313,426 shares during the period. Capital International Investors grew its position in shares of Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock worth $423,136,000 after buying an additional 102,948 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $83,243,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NCLH has been the subject of several research reports. Barclays upped their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group lifted their target price on Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and a consensus target price of $22.38.

Norwegian Cruise Line Stock Down 0.9 %

NYSE:NCLH opened at $16.95 on Friday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company’s fifty day moving average price is $17.60 and its 200-day moving average price is $17.91. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The firm has a market capitalization of $7.27 billion, a P/E ratio of 24.21, a PEG ratio of 0.26 and a beta of 2.70.

Norwegian Cruise Line (NYSE:NCLH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. As a group, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.34 EPS for the current year.

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.