III Capital Management Acquires 17,800 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

III Capital Management raised its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,600 shares of the company's stock after buying an additional 17,800 shares during the period. Norwegian Cruise Line comprises about 0.3% of III Capital Management's holdings, making the stock its 28th largest position. III Capital Management's holdings in Norwegian Cruise Line were worth $1,945,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. United Capital Financial Advisors LLC increased its stake in shares of Norwegian Cruise Line by 3.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company's stock worth $358,000 after purchasing an additional 498 shares during the last quarter. Scotia Capital Inc. increased its position in Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company's stock worth $2,928,000 after buying an additional 540 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Norwegian Cruise Line by 35.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock worth $65,000 after acquiring an additional 654 shares during the period. Rakuten Securities Inc. increased its holdings in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after acquiring an additional 739 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after acquiring an additional 754 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Trading Up 0.5 %

Norwegian Cruise Line stock opened at $17.24 on Monday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a market cap of $7.58 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The business has a 50-day simple moving average of $19.36 and a two-hundred day simple moving average of $23.82.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Stifel Nicolaus reduced their price target on Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley dropped their price objective on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Loop Capital raised Norwegian Cruise Line from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a report on Monday, April 21st. Finally, Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $26.63.

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.

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