KLP Kapitalforvaltning AS Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

KLP Kapitalforvaltning AS purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 89,000 shares of the company's stock, valued at approximately $2,290,000.

Several other institutional investors have also modified their holdings of NCLH. Prestige Wealth Management Group LLC boosted its stake 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. purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth $27,000. Finally, Rakuten Securities Inc. lifted its stake in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 0.5 %

Shares of NYSE:NCLH traded up $0.09 during mid-day trading on Tuesday, reaching $19.05. 7,301,133 shares of the company's stock were exchanged, compared to its average volume of 12,350,469. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The business's fifty day moving average price is $23.55 and its 200-day moving average price is $24.40. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

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Wall Street Analyst Weigh In

NCLH has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Loop Capital began coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a "hold" rating and a $26.00 price target for the company. Macquarie lifted their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Tigress Financial restated a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.28.

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.