Federated Hermes Inc. Purchases 816,842 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Federated Hermes Inc. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 10,800.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 824,405 shares of the company's stock after purchasing an additional 816,842 shares during the period. Federated Hermes Inc. owned approximately 0.19% of Norwegian Cruise Line worth $21,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NCLH. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after purchasing an additional 277,360 shares during the last quarter. State Street Corp boosted its holdings in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock worth $312,613,000 after buying an additional 621,793 shares during the last quarter. Geode Capital Management LLC grew its position in Norwegian Cruise Line by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock valued at $277,399,000 after buying an additional 270,434 shares during the period. Norges Bank purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $113,156,000. Finally, Charles Schwab Investment Management Inc. raised its position in Norwegian Cruise Line by 1.4% in the fourth 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 during the period. Institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NCLH shares. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. BNP Paribas started coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price target for the company. Citigroup lifted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Morgan Stanley reduced their target price on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of "Moderate Buy" and an average target price of $28.22.

Norwegian Cruise Line Price Performance

NYSE NCLH traded down $0.36 during trading on Friday, hitting $16.33. 15,514,825 shares of the stock traded hands, compared to its average volume of 12,649,876. The company has a quick ratio of 0.17, a current ratio of 0.20 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. The firm has a 50-day simple moving average of $21.42 and a 200-day simple moving average of $24.12. The company has a market capitalization of $7.18 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

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.