Truist Financial Corp Trims Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Truist Financial Corp lessened its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 27.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,712 shares of the company’s stock after selling 4,128 shares during the period. Truist Financial Corp’s holdings in Norwegian Cruise Line were worth $201,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 3.6% during the fourth quarter. American International Group Inc. now owns 117,510 shares of the company’s stock worth $2,355,000 after purchasing an additional 4,052 shares during the period. Wellington Management Group LLP lifted its stake in shares of Norwegian Cruise Line by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 201,150 shares of the company’s stock worth $4,031,000 after acquiring an additional 10,174 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Norwegian Cruise Line by 9.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 93,310 shares of the company’s stock worth $1,870,000 after acquiring an additional 7,708 shares during the period. GAMMA Investing LLC raised its holdings in Norwegian Cruise Line by 20.7% during the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after purchasing an additional 888 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Norwegian Cruise Line in the first quarter valued at about $87,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NCLH shares. Susquehanna boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. Tigress Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Stifel Nicolaus increased their price target on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Truist Financial boosted their price objective on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $23.30.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $23.81 on Friday. The company has a debt-to-equity ratio of 17.19, a current ratio of 0.24 and a quick ratio of 0.22. The company has a market cap of $10.22 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 0.33 and a beta of 2.71. The company has a 50-day simple moving average of $19.30 and a 200-day simple moving average of $18.23. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $12.70 and a 12 month high of $24.80.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the company earned $0.20 EPS. Norwegian Cruise Line’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current year.

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.