Scalar Gauge Management LLC Acquires Shares of 300,356 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Scalar Gauge Management LLC purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 300,356 shares of the company's stock, valued at approximately $7,728,000. Norwegian Cruise Line makes up approximately 3.6% of Scalar Gauge Management LLC's investment portfolio, making the stock its 13th largest holding. Scalar Gauge Management LLC owned about 0.07% of Norwegian Cruise Line as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. boosted 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 during the period. Finally, R Squared Ltd acquired a new stake 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 Stock Up 2.6 %

Shares of NCLH traded up $0.49 during mid-day trading on Wednesday, reaching $19.55. 13,860,980 shares of the stock traded hands, compared to its average volume of 12,356,576. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 0.24 and a beta of 2.62. The stock has a fifty day simple moving average of $23.55 and a 200 day simple moving average of $24.40. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29.

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Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company upped their price target 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. Barclays raised Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Citigroup boosted their price objective 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. Tigress Financial reissued a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Finally, Bank of America cut their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.28.

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.