Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,243 shares of the company’s stock after selling 2,840 shares during the quarter. Redmond Asset Management LLC’s holdings in Norwegian Cruise Line were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $337,000. Handelsbanken Fonder AB grew its stake in Norwegian Cruise Line by 3.4% in the 4th quarter. Handelsbanken Fonder AB now owns 115,400 shares of the company’s stock valued at $2,969,000 after acquiring an additional 3,800 shares during the period. Ieq Capital LLC increased its holdings in Norwegian Cruise Line by 170.0% in the 4th quarter. Ieq Capital LLC now owns 33,551 shares of the company’s stock worth $863,000 after acquiring an additional 21,124 shares in the last quarter. Global Retirement Partners LLC raised its position in Norwegian Cruise Line by 26.6% during the fourth quarter. Global Retirement Partners LLC now owns 11,050 shares of the company’s stock worth $284,000 after acquiring an additional 2,320 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Macquarie restated an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 17th. Finally, Loop Capital assumed coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $24.09 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $10.59 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The firm’s 50-day moving average is $26.49 and its two-hundred day moving average is $23.66. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29.

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.