ExodusPoint Capital Management LP Purchases New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ExodusPoint Capital Management LP acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 296,568 shares of the company's stock, valued at approximately $7,631,000. ExodusPoint Capital Management LP owned about 0.07% of Norwegian Cruise Line as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth about $26,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $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 valued at $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $31,000. Institutional investors own 69.58% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on NCLH shares. Tigress Financial reiterated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a research note on Monday, March 17th. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Bank of America reduced their price objective on 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 set a "buy" rating and a $25.00 target price on the stock. Nine analysts have rated the stock with a hold rating, ten have issued 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 a consensus rating of "Moderate Buy" and a consensus target price of $28.22.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH traded down $1.92 during midday trading on Thursday, reaching $16.47. 9,871,715 shares of the company traded hands, compared to its average volume of 12,583,758. 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 quick ratio of 0.17 and a current ratio of 0.20. The stock's 50-day simple moving average is $21.87 and its 200-day simple moving average is $24.16. The firm has a market cap of $7.25 billion, a PE ratio of 15.20, a PEG ratio of 0.24 and a beta of 2.27.

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.