Jupiter Asset Management Ltd. Buys 1,702,748 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Jupiter Asset Management Ltd. boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 365.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,168,658 shares of the company's stock after purchasing an additional 1,702,748 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.49% of Norwegian Cruise Line worth $55,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Apollon Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $272,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $654,000. Zacks Investment Management purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $3,821,000. Hodges Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock worth $31,678,000 after acquiring an additional 23,075 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after acquiring an additional 94,178 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Stock Up 3.7 %

Shares of NCLH traded up $0.68 during midday trading on Friday, reaching $19.21. 10,998,212 shares of the stock were exchanged, compared to its average volume of 11,976,876. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The company's 50 day moving average is $25.08 and its two-hundred day moving average is $24.20. The company has a market capitalization of $8.45 billion, a P/E ratio of 17.62, a PEG ratio of 0.24 and a beta of 2.62.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, December 17th. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $28.00 to $32.00 in a report on Friday, December 13th. Wells Fargo & Company increased 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. Citigroup increased their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Macquarie increased their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.19.

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.