Vontobel Holding Ltd. Lowers Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Vontobel Holding Ltd. cut its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,442 shares of the company’s stock after selling 7,227 shares during the quarter. Vontobel Holding Ltd.’s holdings in Norwegian Cruise Line were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Transcendent Capital Group LLC bought a new position in shares of Norwegian Cruise Line in the first quarter worth $27,000. Sentry Investment Management LLC purchased a new stake in Norwegian Cruise Line during the second quarter valued at about $39,000. Fidelis Capital Partners LLC purchased a new stake in Norwegian Cruise Line during the first quarter valued at about $61,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Norwegian Cruise Line during the third quarter valued at about $78,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Norwegian Cruise Line during the first quarter valued at about $80,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $23.81 on Monday. The stock has a market cap of $10.22 billion, a P/E ratio of 34.01, a P/E/G ratio of 0.33 and a beta of 2.71. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $24.80. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 17.19. The business’s 50 day moving average price is $19.30 and its 200-day moving average price is $18.22.

Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the business posted $0.20 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NCLH shares. Tigress Financial restated a “strong-buy” rating and set a $32.00 price target on shares of Norwegian Cruise Line in a research report on Friday, August 9th. Citigroup upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $30.00 in a report on Wednesday, October 9th. Susquehanna lifted their price objective on Norwegian Cruise Line from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. StockNews.com upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Sunday. Finally, JPMorgan Chase & Co. lifted their price objective on Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of “Hold” and a consensus target price of $23.30.

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.