Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 483,586 shares of the company’s stock after selling 9,596 shares during the period. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line were worth $9,691,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in shares of Norwegian Cruise Line by 85.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock valued at $61,000 after acquiring an additional 1,721 shares during the last quarter. Mendota Financial Group LLC purchased a new position in Norwegian Cruise Line in the fourth quarter valued at approximately $66,000. Rakuten Securities Inc. acquired a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $82,000. GAMMA Investing LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $86,000. Finally, Principal Securities Inc. acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $167,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NCLH. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Norwegian Cruise Line from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, May 21st. Susquehanna decreased their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group lifted their price target on Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Stifel Nicolaus raised their target price on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Citigroup upped their price target on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $16.00 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 33.16. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 0.28 and a beta of 2.59. The company’s 50-day moving average price is $18.14 and its 200 day moving average price is $17.77. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $22.75.

Norwegian Cruise Line (NYSE:NCLH) last posted its earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. As a group, research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.13 earnings per share for the current fiscal year.

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.