Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 25.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 382,165 shares of the company's stock after purchasing an additional 78,566 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Norwegian Cruise Line worth $9,715,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $27,000. Rakuten Securities Inc. raised its position in shares of Norwegian Cruise Line by 176.0% during 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 during the period. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $31,000. Institutional investors own 69.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NCLH. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Bank of America lowered their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Loop Capital assumed 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. Citigroup lifted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $28.28.

Remove Ads

Norwegian Cruise Line Trading Up 2.6 %

NCLH stock traded up $0.49 during midday trading on Wednesday, reaching $19.55. The company's stock had a trading volume of 13,884,380 shares, compared to its average volume of 12,356,661. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.24 and a beta of 2.62. The stock has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $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.

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.