Cwm LLC Trims Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cwm LLC lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 8.2% in the third quarter, Holdings Channel reports. The institutional investor owned 14,951 shares of the company’s stock after selling 1,336 shares during the quarter. Cwm LLC’s holdings in Norwegian Cruise Line were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Norwegian Cruise Line by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 49,539,911 shares of the company’s stock worth $1,036,870,000 after buying an additional 324,287 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Norwegian Cruise Line by 120.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,498,217 shares of the company’s stock worth $470,889,000 after acquiring an additional 12,313,426 shares in the last quarter. Capital International Investors grew its holdings in shares of Norwegian Cruise Line by 0.5% during the 1st quarter. Capital International Investors now owns 20,216,746 shares of the company’s stock valued at $423,136,000 after purchasing an additional 102,948 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Norwegian Cruise Line by 32.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,568,122 shares of the company’s stock worth $85,835,000 after buying an additional 1,129,770 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Norwegian Cruise Line by 18.6% during the 2nd quarter. Victory Capital Management Inc. now owns 1,787,660 shares of the company’s stock valued at $33,590,000 after acquiring an additional 280,654 shares during the period. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 0.4 %

Norwegian Cruise Line stock opened at $23.71 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $12.70 and a 12-month high of $24.80. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 0.33 and a beta of 2.71. The firm has a 50 day moving average of $19.47 and a 200 day moving average of $18.26. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on NCLH. Susquehanna boosted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Tigress Financial reissued a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Macquarie boosted their price target on Norwegian Cruise Line from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.30.

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.