LPL Financial LLC Lowers Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

LPL Financial LLC decreased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,141 shares of the company’s stock after selling 6,748 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Norwegian Cruise Line worth $7,877,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NCLH. Apollon Wealth Management LLC bought a new stake in Norwegian Cruise Line during the fourth quarter valued at about $272,000. Cookson Peirce & Co. Inc. bought a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $654,000. Zacks Investment Management purchased a new position in Norwegian Cruise Line in the 3rd quarter worth approximately $3,821,000. Hodges Capital Management Inc. boosted its stake in Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after purchasing an additional 23,075 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its stake in Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock worth $55,800,000 after purchasing an additional 1,702,748 shares during the period. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup boosted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie increased their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Jefferies Financial Group assumed coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They issued a “buy” rating and a $25.00 target price for the company. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Trading Down 3.9 %

NYSE NCLH opened at $15.67 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.50 and a 52 week high of $29.29. The company has a 50 day moving average price of $23.01 and a 200 day moving average price of $24.31. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market cap of $6.89 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

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.