Primecap Management Co. CA Has $44.72 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Primecap Management Co. CA cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 21.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,738,005 shares of the company’s stock after selling 466,265 shares during the quarter. Primecap Management Co. CA’s holdings in Norwegian Cruise Line were worth $44,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $31,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $19.09 on Wednesday. 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 stock has a 50 day moving average price of $24.84 and a two-hundred day moving average price of $24.26. The firm has a market capitalization of $8.40 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NCLH shares. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Citigroup boosted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Bank of America dropped their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company upped their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.19.

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.