Retirement Systems of Alabama Has $1.99 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Retirement Systems of Alabama lessened its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,457 shares of the company’s stock after selling 4,825 shares during the period. Retirement Systems of Alabama’s holdings in Norwegian Cruise Line were worth $1,993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Yousif Capital Management LLC lifted its stake in shares of Norwegian Cruise Line by 80.6% in the 4th quarter. Yousif Capital Management LLC now owns 108,979 shares of the company’s stock valued at $2,184,000 after purchasing an additional 48,629 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $86,000. New York State Common Retirement Fund lifted its stake in shares of Norwegian Cruise Line by 156.7% in the 4th quarter. New York State Common Retirement Fund now owns 754,493 shares of the company’s stock valued at $15,120,000 after purchasing an additional 460,590 shares during the last quarter. Duality Advisers LP lifted its stake in shares of Norwegian Cruise Line by 262.2% in the 4th quarter. Duality Advisers LP now owns 51,843 shares of the company’s stock valued at $1,039,000 after purchasing an additional 37,530 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 224.5% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 263,700 shares of the company’s stock valued at $5,285,000 after purchasing an additional 182,430 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 3.1 %

Shares of NCLH stock opened at $16.08 on Thursday. The firm has a fifty day moving average of $19.05 and a 200-day moving average of $17.53. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 0.31 and a beta of 2.59. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $12.70 and a 52-week high of $22.75. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. During the same period last year, the company earned ($1.10) EPS. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NCLH shares. Susquehanna reduced their price objective on shares of Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. StockNews.com upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday. Mizuho started coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They issued a “neutral” rating and a $21.00 target price on the stock. Barclays dropped their target price on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Finally, Citigroup dropped their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.67.

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.