First Trust Advisors LP Boosts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

First Trust Advisors LP grew its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 125.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 889,194 shares of the company's stock after acquiring an additional 494,640 shares during the quarter. First Trust Advisors LP owned 0.20% of Norwegian Cruise Line worth $22,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Norwegian Cruise Line by 7.1% in the third quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock valued at $583,000 after acquiring an additional 1,890 shares during the last quarter. Synovus Financial Corp boosted its stake in Norwegian Cruise Line by 7.4% in the third quarter. Synovus Financial Corp now owns 88,208 shares of the company's stock valued at $1,809,000 after acquiring an additional 6,072 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Norwegian Cruise Line by 0.9% in the third quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock valued at $1,958,000 after acquiring an additional 841 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock valued at $10,544,000 after acquiring an additional 30,182 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Norwegian Cruise Line by 17.0% in the fourth quarter. GAMMA Investing LLC now owns 14,268 shares of the company's stock valued at $367,000 after acquiring an additional 2,075 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 0.3 %

NCLH traded down $0.05 during trading on Tuesday, hitting $17.39. 17,765,889 shares of the stock traded hands, compared to its average volume of 12,808,721. The firm has a market capitalization of $7.65 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. 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 firm has a 50-day moving average of $19.17 and a 200 day moving average of $23.78. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NCLH shares. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target on the stock in a research note on Monday, March 17th. Jefferies Financial Group started coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. Barclays dropped their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. BNP Paribas started coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They set a "neutral" rating and a $21.00 price target on the stock. Finally, Bank of America dropped their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.63.

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.