Trustmark National Bank Trust Department Invests $1.23 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Trustmark National Bank Trust Department bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,898 shares of the company's stock, valued at approximately $1,232,000.

Several other large investors also recently made changes to their positions in NCLH. Hopwood Financial Services Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in Norwegian Cruise Line by 176.0% during 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 acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded up $0.30 during midday trading on Friday, hitting $16.39. The company had a trading volume of 9,746,753 shares, compared to its average volume of 12,707,414. The business's 50 day simple moving average is $20.52 and its two-hundred day simple moving average is $23.95. The stock has a market cap of $7.21 billion, a PE ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NCLH shares. Citigroup lifted their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a research note on Monday, March 17th. BNP Paribas initiated coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 price target for the company. Stifel Nicolaus lowered their price target on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Macquarie raised their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Nine research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.