Castellan Group Invests $8.14 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Castellan Group purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 316,411 shares of the company's stock, valued at approximately $8,141,000. Norwegian Cruise Line comprises approximately 3.5% of Castellan Group's portfolio, making the stock its 5th biggest holding. Castellan Group owned approximately 0.07% of Norwegian Cruise Line as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter worth $272,000. Zacks Investment Management acquired a new position in Norwegian Cruise Line during the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. boosted its holdings in Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock valued at $31,678,000 after acquiring an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. grew its position in Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock valued at $71,791,000 after acquiring an additional 94,178 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Norwegian Cruise Line by 1,104.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company's stock worth $3,663,000 after purchasing an additional 163,777 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Up 0.1 %

Shares of Norwegian Cruise Line stock traded up $0.03 during trading hours on Monday, hitting $26.36. The company had a trading volume of 5,562,140 shares, compared to its average volume of 7,744,038. The company's 50-day moving average is $26.55 and its two-hundred day moving average is $23.36. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. 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 company has a market cap of $11.59 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NCLH shares. Truist Financial raised their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Mizuho lifted their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group raised Norwegian Cruise Line from a "neutral" rating to a "buy" rating and increased their price target for the company from $29.00 to $35.00 in a research report on Tuesday, December 10th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $29.06.

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.