Norges Bank Takes $113.16 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Norges Bank purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,397,839 shares of the company's stock, valued at approximately $113,156,000. Norges Bank owned approximately 1.00% of Norwegian Cruise Line as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $27,000. Rakuten Securities Inc. raised its position 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 worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of 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 Price Performance

NCLH traded down $0.64 during trading hours on Friday, hitting $15.67. The company's stock had a trading volume of 19,486,736 shares, compared to its average volume of 12,453,973. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.24 and a beta of 2.27. The business's 50-day moving average price is $23.01 and its 200-day moving average price is $24.31. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.50 and a 12 month high of $29.29.

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Analyst Ratings Changes

Several research analysts have issued reports on NCLH shares. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a report on Monday, March 17th. Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Jefferies Financial Group initiated coverage on Norwegian Cruise Line in a research note on Monday, March 31st. They set a "buy" rating and a $25.00 target price on the stock. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 target price for the company. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Nine research 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. Based on data from MarketBeat, the company has an average 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.