Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,401 shares of the company’s stock after selling 18,795 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of Norwegian Cruise Line worth $12,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at $26,000. Kestra Investment Management LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter worth about $27,000. Rakuten Securities Inc. increased its position in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on NCLH shares. Tigress Financial reiterated a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $22.00 in a research note on Friday, March 21st. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. BNP Paribas started coverage on shares of Norwegian Cruise Line in a report on Thursday. They set a “neutral” rating and a $21.00 price target for the company. Finally, Macquarie upped their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.47.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $19.17 on Friday. 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. The company’s fifty day moving average price is $23.88 and its 200 day moving average price is $24.32. The company has a market capitalization of $8.43 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

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.