Harvest Fund Management Co. Ltd Takes $1.12 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Harvest Fund Management Co. Ltd bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 43,501 shares of the company's stock, valued at approximately $1,119,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Prestige Wealth Management Group LLC increased its holdings in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 800 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Norwegian Cruise Line by 176.0% during 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 last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Up 1.6 %

Shares of NCLH stock traded up $0.33 on Monday, hitting $20.73. The company's stock had a trading volume of 14,200,468 shares, compared to its average volume of 12,180,360. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The firm's fifty day moving average price is $24.49 and its 200-day moving average price is $24.32. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

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Analysts Set New Price Targets

NCLH has been the subject of a number of analyst reports. Morgan Stanley raised shares of Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $27.00 to $22.00 in a research note on Friday. Bank of America reduced their price target on shares of 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. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a "hold" rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.94.

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.