National Bank of Canada FI Buys 204,407 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

National Bank of Canada FI increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 437.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,143 shares of the company's stock after purchasing an additional 204,407 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Norwegian Cruise Line worth $6,462,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NCLH. Norges Bank bought a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $113,156,000. Arrowstreet Capital Limited Partnership grew its stake in Norwegian Cruise Line by 2,064.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company's stock valued at $56,992,000 after purchasing an additional 2,112,667 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $52,660,000. Wedge Capital Management L L P NC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $43,956,000. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Norwegian Cruise Line by 365.5% during the 4th 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 in the last quarter. Institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

NCLH has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a "hold" rating and a $26.00 target price for the company. Morgan Stanley lowered their price target on Norwegian Cruise Line from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Macquarie upped their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of "Moderate Buy" and an average target price of $28.22.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded down $1.79 during mid-day trading on Thursday, hitting $16.60. 7,044,085 shares of the company's stock were exchanged, compared to its average volume of 12,572,937. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. The stock's 50-day simple moving average is $21.87 and its 200-day simple moving average is $24.16. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

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.