Mutual of America Capital Management LLC Reduces Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mutual of America Capital Management LLC reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,047 shares of the company’s stock after selling 2,601 shares during the period. Mutual of America Capital Management LLC’s holdings in Norwegian Cruise Line were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 2.5% in the third quarter. AE Wealth Management LLC now owns 28,188 shares of the company’s stock worth $465,000 after buying an additional 693 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $544,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $243,000. Everence Capital Management Inc. bought a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $238,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $64,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NCLH. Citigroup reduced their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, February 12th. Barclays lifted their target price on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 28th. Truist Financial lifted their target price on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 5th. Finally, The Goldman Sachs Group started coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.87.

Norwegian Cruise Line Stock Up 1.4 %

NCLH opened at $18.55 on Tuesday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.19 and a current ratio of 0.22. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm’s fifty day moving average is $18.78 and its 200 day moving average is $17.34. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 66.25, a price-to-earnings-growth ratio of 0.38 and a beta of 2.60.

Norwegian Cruise Line (NYSE:NCLH) last released its earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a net margin of 1.94% and a return on equity of 108.69%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the firm posted ($1.10) EPS. On average, sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 earnings per share for the current fiscal year.

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.