Jupiter Asset Management Ltd. raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 365.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,168,658 shares of the company's stock after buying an additional 1,702,748 shares during the period. Jupiter Asset Management Ltd. owned about 0.49% of Norwegian Cruise Line worth $55,800,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $179,146,000. Two Sigma Advisers LP increased its position in shares of Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after acquiring an additional 3,464,100 shares during the period. Los Angeles Capital Management LLC purchased a new position in Norwegian Cruise Line in the fourth quarter valued at $52,660,000. Wedge Capital Management L L P NC purchased a new position in Norwegian Cruise Line in the fourth quarter valued at $43,956,000. Finally, ING Groep NV boosted its stake in Norwegian Cruise Line by 1,340.3% in the third quarter. ING Groep NV now owns 831,505 shares of the company's stock valued at $17,054,000 after acquiring an additional 773,772 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.
Wall Street Analyst Weigh In
NCLH has been the subject of several recent research reports. Truist Financial increased their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 12th. Bank of America decreased their price target on shares of 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 shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a "hold" rating and a $26.00 target price on the stock. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.19.
Get Our Latest Stock Report on Norwegian Cruise Line
Norwegian Cruise Line Stock Performance
Shares of NCLH opened at $18.79 on Wednesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The firm's 50 day moving average price is $25.49 and its two-hundred day moving average price is $24.22. The firm has a market cap of $8.26 billion, a P/E ratio of 17.23, a PEG ratio of 0.24 and a beta of 2.62.
About Norwegian Cruise Line
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Free Report)
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.
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