Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,081 shares of the company’s stock after selling 7,606 shares during the quarter. IHT Wealth Management LLC’s holdings in Norwegian Cruise Line were worth $568,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NCLH. Apollon Wealth Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $272,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $654,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after buying an additional 1,702,748 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after buying an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC bought a new position in Norwegian Cruise Line during the fourth quarter valued at about $416,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 0.5 %

Shares of NCLH opened at $17.24 on Friday. The company has a market capitalization of $7.58 billion, a P/E ratio of 15.82, a PEG ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The business’s 50 day simple moving average is $19.36 and its 200-day simple moving average is $23.81. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Analyst Ratings Changes

NCLH has been the topic of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company upped their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Melius Research raised Norwegian Cruise Line to a “strong-buy” rating in a report on Monday, April 21st. Finally, Citigroup boosted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

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.