State of New Jersey Common Pension Fund D Sells 78,826 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,645 shares of the company’s stock after selling 78,826 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Norwegian Cruise Line were worth $3,094,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line during the 1st quarter valued at about $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line in the 1st quarter valued at approximately $39,000. Sentry Investment Management LLC bought a new stake in Norwegian Cruise Line in the 2nd quarter valued at approximately $39,000. 1832 Asset Management L.P. bought a new stake in Norwegian Cruise Line in the 4th quarter valued at approximately $44,000. Finally, Fidelis Capital Partners LLC bought a new stake in Norwegian Cruise Line in the 1st quarter valued at approximately $61,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 0.5 %

NCLH stock opened at $19.76 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19. The firm has a market capitalization of $8.48 billion, a PE ratio of 28.23, a PEG ratio of 0.27 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The business’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $17.97.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.37 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Citigroup boosted their target price on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft boosted their target price on Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, May 21st. Mizuho upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Truist Financial upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and upped their price objective for the stock from $20.00 to $21.00 in a research note on Wednesday, May 29th. Finally, UBS Group upped their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.17.

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.