AlphaCentric Advisors LLC Lowers Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

AlphaCentric Advisors LLC reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,734 shares of the company’s stock after selling 480 shares during the period. AlphaCentric Advisors LLC’s holdings in Norwegian Cruise Line were worth $70,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NCLH. State Street Corp lifted its holdings in shares of Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after acquiring an additional 621,793 shares in the last quarter. Geode Capital Management LLC raised its position in Norwegian Cruise Line by 2.6% in the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock valued at $215,481,000 after purchasing an additional 261,925 shares during the period. Baillie Gifford & Co. purchased a new position in Norwegian Cruise Line in the third quarter valued at about $179,146,000. Two Sigma Advisers LP grew its stake in shares of Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after buying an additional 3,464,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NCLH. UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their target price on 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. Deutsche Bank Aktiengesellschaft increased their price target on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Morgan Stanley upped their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.06.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $26.36 on Tuesday. The company has a market cap of $11.59 billion, a PE ratio of 24.19, a P/E/G ratio of 0.26 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The firm has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $23.42. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

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.