Capital International Investors Grows Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Capital International Investors boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,194,672 shares of the company's stock after acquiring an additional 5,557,951 shares during the period. Capital International Investors owned 12.55% of Norwegian Cruise Line worth $1,420,159,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock valued at $1,371,596,000 after acquiring an additional 277,360 shares during the period. Geode Capital Management LLC grew its position in shares of Norwegian Cruise Line by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock worth $277,399,000 after buying an additional 270,434 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Norwegian Cruise Line by 113.1% in the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after acquiring an additional 2,959,631 shares in the last quarter. Norges Bank purchased a new stake in Norwegian Cruise Line in the fourth quarter worth about $113,156,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after acquiring an additional 47,507 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the topic of several research reports. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Stifel Nicolaus reduced their price target on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.94.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH traded up $0.61 during trading on Wednesday, reaching $17.22. 12,035,340 shares of the company traded hands, compared to its average volume of 12,732,035. The stock has a market cap of $7.58 billion, a P/E ratio of 15.80, a PEG ratio of 0.24 and a beta of 2.27. The firm's fifty day simple moving average is $19.93 and its 200 day simple moving average is $23.91. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-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.