Envestnet Asset Management Inc. Acquires 466,544 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Envestnet Asset Management Inc. grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 546.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551,905 shares of the company's stock after acquiring an additional 466,544 shares during the period. Envestnet Asset Management Inc. owned 0.13% of Norwegian Cruise Line worth $14,201,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted its stake in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares in the last quarter. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line in the 4th quarter valued at $31,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 1.8 %

NYSE:NCLH traded up $0.30 during mid-day trading on Friday, reaching $16.39. 9,746,753 shares of the company's stock traded hands, compared to its average volume of 12,719,908. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-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 50 day moving average price of $20.32 and a 200-day moving average price of $23.93. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.24 and a beta of 2.27.

Analyst Upgrades and Downgrades

NCLH has been the topic of several recent analyst reports. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Stifel Nicolaus lowered their target price on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Wednesday. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Wells Fargo & Company lifted their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, Macquarie increased 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. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.28.

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.