Bank of Montreal Can Reduces Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of Montreal Can cut its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 870,605 shares of the company’s stock after selling 50,751 shares during the quarter. Bank of Montreal Can owned about 0.20% of Norwegian Cruise Line worth $22,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter worth about $27,000. Kestra Investment Management LLC purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at about $27,000. Rakuten Securities Inc. raised its stake in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $16.33 on Friday. 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 company’s fifty day moving average price is $21.42 and its 200 day moving average price is $24.10. The stock has a market capitalization of $7.18 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.21 and a 1 year high of $29.29.

Analyst Ratings Changes

A number of equities analysts have issued reports on NCLH shares. Morgan Stanley reduced their price target on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Loop Capital started coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target on the stock. Tigress Financial reaffirmed a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $28.22.

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.