Thrivent Financial for Lutherans Reduces Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Thrivent Financial for Lutherans lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,797 shares of the company’s stock after selling 7,910 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Norwegian Cruise Line were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Norwegian Cruise Line by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 46,714,581 shares of the company’s stock valued at $530,678,000 after purchasing an additional 863,553 shares during the period. BlackRock Inc. raised its position in shares of Norwegian Cruise Line by 4.2% during the 1st quarter. BlackRock Inc. now owns 22,085,953 shares of the company’s stock valued at $483,242,000 after purchasing an additional 882,556 shares during the period. Capital International Investors increased its holdings in Norwegian Cruise Line by 15.7% in the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock valued at $464,775,000 after acquiring an additional 2,875,079 shares during the last quarter. State Street Corp increased its holdings in Norwegian Cruise Line by 1.5% in the 3rd quarter. State Street Corp now owns 13,425,929 shares of the company’s stock valued at $152,519,000 after acquiring an additional 204,338 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Norwegian Cruise Line by 13.4% in the 1st quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock valued at $125,019,000 after acquiring an additional 677,268 shares during the last quarter. 57.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Truist Financial reduced their price target on shares of Norwegian Cruise Line from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, March 23rd. JPMorgan Chase & Co. initiated coverage on shares of Norwegian Cruise Line in a report on Friday, April 28th. They issued a “neutral” rating and a $15.00 price target on the stock. Credit Suisse Group reissued an “underperform” rating and issued a $13.00 price objective on shares of Norwegian Cruise Line in a research note on Wednesday, March 1st. Citigroup dropped their price objective on shares of Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. Finally, Susquehanna dropped their price objective on shares of Norwegian Cruise Line from $20.00 to $15.00 and set a “positive” rating for the company in a research note on Wednesday, March 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Norwegian Cruise Line Price Performance

NCLH stock opened at $14.23 on Thursday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $10.31 and a 12 month high of $18.67. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 184.14. The company has a 50-day moving average price of $13.43 and a 200 day moving average price of $14.13. The stock has a market cap of $6.04 billion, a PE ratio of -4.14 and a beta of 2.49.

Norwegian Cruise Line (NYSE:NCLH – Get Rating) last released its quarterly earnings results on Monday, May 1st. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.21. Norwegian Cruise Line had a negative net margin of 23.54% and a negative return on equity of 448.59%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the company earned ($1.90) EPS. The firm’s revenue for the quarter was up 249.1% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 0.46 earnings per share for the current year.

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.