Hsbc Holdings PLC Sells 296,158 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Hsbc Holdings PLC trimmed its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 56.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 230,763 shares of the company’s stock after selling 296,158 shares during the period. Hsbc Holdings PLC owned about 0.05% of Norwegian Cruise Line worth $5,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings 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 valued at $30,000 after acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 1.3 %

Shares of NCLH stock opened at $17.45 on Tuesday. 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 52-week low of $14.21 and a 52-week high of $29.29. The company has a market capitalization of $7.68 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The business’s fifty day moving average is $19.17 and its 200 day moving average is $23.78.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Loop Capital upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Monday, March 17th. Bank of America dropped their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Stifel Nicolaus dropped their price objective on Norwegian Cruise Line from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.63.

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.