Cookson Peirce & Co. Inc. Takes $654,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cookson Peirce & Co. Inc. bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,401 shares of the company's stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC boosted its position in shares of Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 800 shares during the period. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at $27,000. R Squared Ltd bought a new position in Norwegian Cruise Line in the 4th quarter valued at $31,000. Finally, Venturi Wealth Management LLC increased its stake in Norwegian Cruise Line by 238.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock worth $32,000 after purchasing an additional 880 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NYSE:NCLH traded up $0.05 during trading on Friday, reaching $20.05. The stock had a trading volume of 18,195,318 shares, compared to its average volume of 11,063,078. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a market capitalization of $8.82 billion, a P/E ratio of 18.40, a PEG ratio of 0.24 and a beta of 2.62. The firm's 50-day simple moving average is $25.77 and its 200 day simple moving average is $24.14. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NCLH shares. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Citigroup raised their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and an average target price 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.