State of Tennessee Department of Treasury Lowers Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

State of Tennessee Department of Treasury reduced its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.1% in the fourth quarter, HoldingsChannel reports. The fund owned 93,854 shares of the company’s stock after selling 5,058 shares during the period. State of Tennessee Department of Treasury’s holdings in Norwegian Cruise Line were worth $2,415,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Capital International Investors raised its holdings in Norwegian Cruise Line by 11.2% in the fourth quarter. Capital International Investors now owns 55,194,672 shares of the company’s stock worth $1,420,159,000 after buying an additional 5,557,951 shares during the last quarter. Norges Bank purchased a new position in Norwegian Cruise Line in the fourth quarter worth about $113,156,000. Renaissance Technologies LLC raised its holdings in shares of Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company’s stock valued at $143,502,000 after purchasing an additional 2,959,631 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Norwegian Cruise Line by 2,064.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock valued at $56,992,000 after purchasing an additional 2,112,667 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter worth approximately $52,660,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 1.3 %

Shares of NCLH stock opened at $17.45 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $19.17 and its two-hundred day simple moving average is $23.78. The company has a market cap of $7.68 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

Analysts Set New Price Targets

NCLH has been the topic of a number of research reports. Northcoast Research initiated coverage on Norwegian Cruise Line in a research note on Friday. They issued a “buy” rating and a $21.00 price target on the stock. BNP Paribas initiated coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target on the stock. Morgan Stanley dropped their price target on Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Jefferies Financial Group initiated coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Citigroup raised their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average price target of $26.63.

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.