Xponance Inc. Sells 13,274 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Xponance Inc. trimmed its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,780 shares of the company’s stock after selling 13,274 shares during the quarter. Xponance Inc.’s holdings in Norwegian Cruise Line were worth $1,258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NCLH. Mendota Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth about $66,000. Larson Financial Group LLC raised its holdings in Norwegian Cruise Line by 38.0% in the third quarter. Larson Financial Group LLC now owns 3,574 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Norwegian Cruise Line by 85.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock worth $61,000 after buying an additional 1,721 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $64,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $82,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $18.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, January 5th. The Goldman Sachs Group initiated coverage on Norwegian Cruise Line in a research report on Wednesday, March 13th. They set a “neutral” rating and a $19.00 price objective on the stock. Truist Financial boosted their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Mizuho assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, March 26th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.87.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $19.39 on Thursday. The stock has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $17.38. 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 52-week low of $12.41 and a 52-week high of $22.75. The firm has a market capitalization of $8.25 billion, a PE ratio of 69.25, a P/E/G ratio of 0.41 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 (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a return on equity of 108.69% and a net margin of 1.94%. During the same period in the prior year, the company posted ($1.10) earnings per share. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1 EPS 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.