Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,183 shares of the company's stock, valued at approximately $905,000.
Other large investors have also modified their holdings of the company. Two Sigma Advisers LP boosted its position in shares of Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the period. Los Angeles Capital Management LLC purchased a new position in Norwegian Cruise Line during the 4th quarter worth approximately $52,660,000. Wedge Capital Management L L P NC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $43,956,000. Jupiter Asset Management Ltd. boosted its position in shares of Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after buying an additional 1,702,748 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $19,064,000. 69.58% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Macquarie upped their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Truist Financial lifted their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and an average price target of $28.47.
Read Our Latest Research Report on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
NCLH traded down $0.33 during midday trading on Thursday, reaching $19.89. The company's stock had a trading volume of 6,928,818 shares, compared to its average volume of 12,149,482. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company has a fifty day simple moving average of $24.17 and a 200 day simple moving average of $24.34. The stock has a market cap of $8.75 billion, a P/E ratio of 18.25, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29.
Norwegian Cruise Line Company Profile
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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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