American Century Companies Inc. raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 901,366 shares of the company's stock after purchasing an additional 154,864 shares during the quarter. American Century Companies Inc. owned 0.20% of Norwegian Cruise Line worth $23,192,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its holdings in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after purchasing an additional 800 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. Finally, Rakuten Securities Inc. raised its stake 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. 69.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. BNP Paribas assumed coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.28.
Read Our Latest Stock Analysis on Norwegian Cruise Line
Norwegian Cruise Line Trading Down 0.3 %
NYSE:NCLH traded down $0.05 during mid-day trading on Wednesday, reaching $19.01. The company's stock had a trading volume of 3,433,321 shares, compared to its average volume of 12,316,668. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The company's fifty day simple moving average is $23.55 and its two-hundred day simple moving average is $24.40. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The stock has a market cap of $8.36 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.24 and a beta of 2.62.
About Norwegian Cruise Line
(
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.
Further Reading
Before you consider Norwegian Cruise Line, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norwegian Cruise Line wasn't on the list.
While Norwegian Cruise Line currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
