Martingale Asset Management L P Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Martingale Asset Management L P acquired 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 (SEC). The institutional investor acquired 41,766 shares of the company's stock, valued at approximately $1,075,000.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $272,000. Cookson Peirce & Co. Inc. bought a new stake in Norwegian Cruise Line during the fourth quarter worth $654,000. Jupiter Asset Management Ltd. boosted its position in Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after purchasing an additional 1,702,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Norwegian Cruise Line by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock valued at $91,285,000 after purchasing an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $416,000. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a report on Monday, March 17th. 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 for the company. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research note on Thursday, January 23rd. Morgan Stanley decreased their target price on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Loop Capital started coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a "hold" rating and a $26.00 target price on the stock. Nine equities research 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's stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average price target of $28.28.

Norwegian Cruise Line Stock Up 1.8 %

Shares of NYSE NCLH traded up $0.30 during trading on Friday, reaching $16.39. The company had a trading volume of 9,746,753 shares, compared to its average volume of 12,707,414. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. 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's 50-day moving average is $20.52 and its 200 day moving average is $23.95. The stock has a market cap of $7.21 billion, a PE ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27.

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.