Geode Capital Management LLC boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,793,268 shares of the company's stock after buying an additional 270,434 shares during the period. Geode Capital Management LLC owned approximately 2.45% of Norwegian Cruise Line worth $277,399,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its holdings in Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after acquiring an additional 800 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Finally, Rakuten Securities Inc. increased its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after buying an additional 739 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
NCLH has been the subject of several recent research reports. Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price target for 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 report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Macquarie lifted their price objective 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. Finally, 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 target price on the stock. Nine investment 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 company. Based on data from MarketBeat.com, Norwegian Cruise Line currently has an average rating of "Moderate Buy" and a consensus price target of $28.28.
Read Our Latest Report on NCLH
Norwegian Cruise Line Stock Performance
Shares of Norwegian Cruise Line stock traded up $2.93 on Wednesday, hitting $18.47. The stock had a trading volume of 30,218,075 shares, compared to its average volume of 12,592,741. The company's 50 day moving average price is $21.87 and its 200 day moving average price is $24.16. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.
About Norwegian Cruise Line
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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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