Meeder Asset Management Inc. Trims Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Meeder Asset Management Inc. lessened its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 71.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,576 shares of the company’s stock after selling 8,951 shares during the quarter. Meeder Asset Management Inc.’s holdings in Norwegian Cruise Line were worth $75,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 2.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 21,605 shares of the company’s stock worth $452,000 after buying an additional 537 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Norwegian Cruise Line by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 116,479 shares of the company’s stock worth $2,334,000 after acquiring an additional 800 shares during the period. GAMMA Investing LLC boosted its stake in shares of Norwegian Cruise Line by 20.7% in the first quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $109,000 after acquiring an additional 888 shares during the period. Fifth Third Bancorp boosted its stake in shares of Norwegian Cruise Line by 2.5% in the first quarter. Fifth Third Bancorp now owns 40,039 shares of the company’s stock worth $838,000 after acquiring an additional 980 shares during the period. Finally, Kentucky Retirement Systems boosted its stake in shares of Norwegian Cruise Line by 3.1% in the fourth quarter. Kentucky Retirement Systems now owns 34,039 shares of the company’s stock worth $682,000 after acquiring an additional 1,013 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 0.2 %

NCLH traded up $0.04 during trading on Monday, hitting $19.57. 8,441,363 shares of the stock were exchanged, compared to its average volume of 12,981,370. The firm has a 50 day simple moving average of $17.25 and a 200 day simple moving average of $17.91. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 0.32 and a beta of 2.69. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.70 and a 1 year high of $22.23. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.22 and a current ratio of 0.24.

Norwegian Cruise Line (NYSE:NCLH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate 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, equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $24.00 in a research note on Tuesday, May 28th. Truist Financial raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and increased their price target for the company from $20.00 to $21.00 in a research note on Wednesday, May 29th. Stifel Nicolaus increased their price target on Norwegian Cruise Line from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, UBS Group increased their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Hold” and an average price target of $21.79.

Insider Buying and Selling at Norwegian Cruise Line

In related news, Director Zillah Byng-Thorne bought 13,360 shares of the company’s stock in a transaction on Friday, May 31st. The shares were acquired at an average price of $16.50 per share, with a total value of $220,440.00. Following the transaction, the director now owns 13,360 shares of the company’s stock, valued at $220,440. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

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.