Mutual of America Capital Management LLC Sells 1,671 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mutual of America Capital Management LLC lowered its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,143 shares of the company’s stock after selling 1,671 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Norwegian Cruise Line were worth $1,017,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC bought a new position in Norwegian Cruise Line during the first quarter worth $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Norwegian Cruise Line during the first quarter valued at about $39,000. Sentry Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the second quarter valued at about $39,000. 1832 Asset Management L.P. acquired a new stake in Norwegian Cruise Line during the fourth quarter worth about $44,000. Finally, Fidelis Capital Partners LLC acquired a new position in Norwegian Cruise Line in the 1st quarter valued at approximately $61,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Up 4.4 %

Shares of NYSE NCLH opened at $21.08 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 0.30 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $21.73. The firm’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $18.02.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Norwegian Cruise Line had a net margin of 4.62% and a return on equity of 105.44%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. Norwegian Cruise Line’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NCLH. Bank of America lifted their price objective on Norwegian Cruise Line from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Tigress Financial reissued a “strong-buy” rating and issued a $32.00 price target on shares of Norwegian Cruise Line in a report on Friday, August 9th. Macquarie raised their price objective on shares of Norwegian Cruise Line from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. StockNews.com cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.43.

Norwegian Cruise Line 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.