Van ECK Associates Corp Reduces Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Van ECK Associates Corp decreased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 239,070 shares of the company’s stock after selling 13,775 shares during the quarter. Van ECK Associates Corp owned about 0.05% of Norwegian Cruise Line worth $6,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Summit Trail Advisors LLC increased its holdings in shares of Norwegian Cruise Line by 28.4% in the fourth quarter. Summit Trail Advisors LLC now owns 17,284 shares of the company’s stock valued at $445,000 after purchasing an additional 3,824 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $272,000. Golden State Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $73,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Norwegian Cruise Line during the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 0.1 %

Norwegian Cruise Line stock opened at $26.36 on Tuesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market cap of $11.59 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The firm’s 50 day moving average price is $26.56 and its two-hundred day moving average price is $23.42.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. UBS Group lifted their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Tigress Financial lifted their price objective on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Macquarie reissued an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.06.

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.