Arrowstreet Capital Limited Partnership Boosts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Arrowstreet Capital Limited Partnership increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 2,064.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,214,989 shares of the company's stock after acquiring an additional 2,112,667 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.50% of Norwegian Cruise Line worth $56,992,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock valued at $944,000 after acquiring an additional 509 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the period. Farther Finance Advisors LLC increased its position in shares of Norwegian Cruise Line by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Norwegian Cruise Line by 12.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company's stock valued at $180,000 after buying an additional 760 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Norwegian Cruise Line by 5.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company's stock worth $396,000 after buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

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Analyst Ratings Changes

Several research analysts have issued reports on NCLH shares. Citigroup boosted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price target for the company. Jefferies Financial Group started coverage on Norwegian Cruise Line in a report on Monday. They issued a "buy" rating and a $25.00 price target on the stock. Finally, Tigress Financial restated 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. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.28.

Norwegian Cruise Line Price Performance

NYSE NCLH traded down $3.23 during mid-day trading on Thursday, hitting $16.28. The stock had a trading volume of 29,451,962 shares, compared to its average volume of 12,414,469. The firm's 50 day moving average is $23.42 and its 200 day moving average is $24.37. 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 capitalization of $7.16 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29.

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.