AXQ Capital LP Has $1.44 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

AXQ Capital LP lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 87.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,760 shares of the company's stock after purchasing an additional 26,005 shares during the quarter. Norwegian Cruise Line accounts for 0.6% of AXQ Capital LP's portfolio, making the stock its 21st largest position. AXQ Capital LP's holdings in Norwegian Cruise Line were worth $1,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP lifted its position in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after purchasing an additional 3,464,100 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $52,660,000. Wedge Capital Management L L P NC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $43,956,000. Jupiter Asset Management Ltd. grew its holdings in shares of Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after purchasing an additional 1,702,748 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Norwegian Cruise Line during the 4th quarter valued at about $19,064,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Macquarie boosted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their target price 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. Finally, Citigroup increased their price target 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. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $28.94.

Norwegian Cruise Line Stock Down 1.3 %

Norwegian Cruise Line stock traded down $0.27 during mid-day trading on Wednesday, reaching $20.21. The stock had a trading volume of 7,825,308 shares, compared to its average volume of 12,168,431. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The stock's 50-day simple moving average is $24.17 and its 200-day simple moving average is $24.34. The firm has a market capitalization of $8.89 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62.

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.