Canada Pension Plan Investment Board grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 89.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,200 shares of the company's stock after buying an additional 17,600 shares during the period. Canada Pension Plan Investment Board's holdings in Norwegian Cruise Line were worth $957,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Rakuten Securities Inc. raised its position in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line during the fourth quarter valued at $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.
Norwegian Cruise Line Trading Up 1.3 %
Shares of NYSE NCLH traded up $0.22 during trading hours on Monday, hitting $17.45. The company's stock had a trading volume of 12,790,718 shares, compared to its average volume of 12,788,827. The business has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $23.82. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 16.01, 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 quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of 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. Barclays cut their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company raised their price objective 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, Tigress Financial reissued a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.63.
Read Our Latest Analysis on NCLH
Norwegian Cruise Line Profile
(
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.
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