Shell Asset Management Co. Sells 3,402 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Posted by on Mar 2nd, 2023

Shell Asset Management Co. decreased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,974 shares of the company’s stock after selling 3,402 shares during the period. Shell Asset Management Co.’s holdings in Norwegian Cruise Line were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of Norwegian Cruise Line by 57.7% in the third quarter. Hsbc Holdings PLC now owns 342,144 shares of the company’s stock worth $3,907,000 after purchasing an additional 125,125 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Norwegian Cruise Line by 6.4% in the third quarter. Oppenheimer & Co. Inc. now owns 33,360 shares of the company’s stock worth $379,000 after purchasing an additional 2,015 shares during the last quarter. Credit Agricole S A grew its holdings in shares of Norwegian Cruise Line by 83.1% in the third quarter. Credit Agricole S A now owns 6,480 shares of the company’s stock worth $74,000 after purchasing an additional 2,940 shares during the last quarter. Johnson Financial Group LLC bought a new position in shares of Norwegian Cruise Line in the third quarter worth about $2,272,000. Finally, ExodusPoint Capital Management LP grew its holdings in shares of Norwegian Cruise Line by 261.1% in the third quarter. ExodusPoint Capital Management LP now owns 80,424 shares of the company’s stock worth $914,000 after purchasing an additional 58,151 shares during the last quarter. Institutional investors own 57.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NCLH. Citigroup upped their price target on shares of Norwegian Cruise Line to $18.00 in a report on Tuesday, November 15th. Barclays lowered their price objective on shares of Norwegian Cruise Line from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group lowered their price objective on shares of Norwegian Cruise Line from $19.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, January 9th. Susquehanna upped their price objective on shares of Norwegian Cruise Line from $15.00 to $20.00 in a research note on Wednesday, November 9th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $13.00 price objective on shares of Norwegian Cruise Line in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $18.58.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $15.14 on Thursday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of -1.83 and a beta of 2.51. The firm has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $14.96. Norwegian Cruise Line Holdings Ltd. has a one year low of $10.31 and a one year high of $23.43. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.43 and a current ratio of 0.46.

Norwegian Cruise Line Company Profile

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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