Bank of New York Mellon Corp Buys 91,377 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of New York Mellon Corp lifted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,533,849 shares of the company's stock after buying an additional 91,377 shares during the period. Bank of New York Mellon Corp owned approximately 0.58% of Norwegian Cruise Line worth $65,196,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. R Squared Ltd purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. Prestige Wealth Management Group LLC raised its position in Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock worth $25,000 after acquiring an additional 800 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock worth $32,000 after acquiring an additional 880 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com raised Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Truist Financial increased their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Loop Capital assumed 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. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Finally, Macquarie upped their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.19.

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Norwegian Cruise Line Price Performance

NCLH stock traded down $0.06 during trading on Friday, hitting $19.94. 11,208,924 shares of the company's stock traded hands, compared to its average volume of 10,890,131. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.24 and a beta of 2.62. The business has a fifty day simple moving average of $25.88 and a 200 day simple moving average of $24.05. 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 Company 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.