abrdn plc Cuts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

abrdn plc lowered its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,471 shares of the company’s stock after selling 3,033 shares during the period. abrdn plc’s holdings in Norwegian Cruise Line were worth $760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NCLH. Avior Wealth Management LLC boosted its stake in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after acquiring an additional 500 shares during the period. Thrivent Financial for Lutherans lifted its stake in Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after acquiring an additional 509 shares during the period. Mount Lucas Management LP lifted its stake in Norwegian Cruise Line by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after acquiring an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after acquiring an additional 521 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NCLH. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Loop Capital began coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, Bank of America lifted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $29.06.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $26.51 on Tuesday. The firm has a market cap of $11.65 billion, a PE ratio of 24.32, a PEG ratio of 0.26 and a beta of 2.64. The firm has a fifty day moving average of $26.69 and a 200 day moving average of $23.08. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year 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.