Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 50,154 shares of the company’s stock after selling 940 shares during the period. State of Alaska Department of Revenue’s holdings in Norwegian Cruise Line were worth $1,290,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $264,000. Choreo LLC lifted its holdings in shares of Norwegian Cruise Line by 47.9% during the 4th quarter. Choreo LLC now owns 16,821 shares of the company’s stock worth $433,000 after acquiring an additional 5,444 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Norwegian Cruise Line by 34.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,319 shares of the company’s stock valued at $1,115,000 after acquiring an additional 11,044 shares during the period. Stratos Wealth Partners LTD. raised its position in Norwegian Cruise Line by 12.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,082 shares of the company’s stock valued at $311,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Norwegian Cruise Line by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 97,406 shares of the company’s stock worth $2,506,000 after purchasing an additional 874 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $26.23 on Thursday. The firm has a market cap of $11.53 billion, a P/E ratio of 24.06, a P/E/G ratio of 0.26 and a beta of 2.64. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $23.19. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Tigress Financial raised their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Bank of America lifted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, December 17th. Finally, StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.