Mesirow Institutional Investment Management Inc. Invests $2.87 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mesirow Institutional Investment Management Inc. acquired 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 SEC. The firm acquired 111,632 shares of the company's stock, valued at approximately $2,872,000.

Several other hedge funds have also recently made changes to their positions in NCLH. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in 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 worth $27,000. Kestra Investment Management LLC bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $27,000. Rakuten Securities Inc. boosted its position 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 buying an additional 739 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line in the 4th quarter worth about $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Up 0.5 %

Shares of NCLH stock traded up $0.09 during trading on Friday, reaching $17.24. The company's stock had a trading volume of 10,161,927 shares, compared to its average volume of 12,764,323. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The stock's 50-day moving average price is $19.56 and its 200 day moving average price is $23.84. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of recent analyst reports. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a "neutral" rating and a $21.00 price target on the stock. Jefferies Financial Group began coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 price objective for the company. Tigress Financial reiterated a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. The Goldman Sachs Group lowered their price target on shares of Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Loop Capital raised Norwegian Cruise Line from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.63.

Norwegian Cruise Line Company Profile

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.