Primecap Management Co. CA Has $44.72 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Primecap Management Co. CA decreased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,738,005 shares of the company’s stock after selling 466,265 shares during the quarter. Primecap Management Co. CA owned 0.40% of Norwegian Cruise Line worth $44,719,000 as of its most recent filing with the Securities and Exchange Commission.

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

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $19.09 on Wednesday. The stock’s fifty day moving average price is $24.84 and its two-hundred day moving average price is $24.26. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market cap of $8.40 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Loop Capital initiated coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target for the company. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Truist Financial raised their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and an average price target of $29.19.

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.