Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,557 shares of the company's stock, valued at approximately $272,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its stake in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 800 shares during the period. R Squared Ltd bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $31,000. Avior Wealth Management LLC boosted its stake in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock worth $35,000 after acquiring an additional 429 shares during the period. Blue Trust Inc. boosted its stake in Norwegian Cruise Line by 489.8% in the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company's stock valued at $41,000 after purchasing an additional 1,817 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Norwegian Cruise Line in the 3rd quarter valued at $56,000. 69.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on NCLH shares. Tigress Financial boosted their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a "strong-buy" rating in a research note on Monday, November 11th. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, December 17th. Mizuho boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Bank of America boosted their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and an average target price of $29.06.
Read Our Latest Analysis on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
NYSE:NCLH traded up $1.00 during trading hours on Tuesday, reaching $27.38. The stock had a trading volume of 5,076,328 shares, compared to its average volume of 8,011,332. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a 50 day simple moving average of $26.56 and a 200 day simple moving average of $23.42. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29. The stock has a market cap of $12.04 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.
Norwegian Cruise Line Profile
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Free Report)
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.
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