Optimize Financial Inc Takes $771,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Optimize Financial Inc purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,953 shares of the company's stock, valued at approximately $771,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $272,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $654,000. Jupiter Asset Management Ltd. lifted its holdings in Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock valued at $55,800,000 after acquiring an additional 1,702,748 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Norwegian Cruise Line by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after acquiring an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Norwegian Cruise Line during the fourth quarter worth $416,000. Institutional investors and hedge funds own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of recent analyst reports. Tigress Financial reissued a "strong-buy" rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Bank of America dropped their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, March 7th. 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 price target on the stock. Finally, Citigroup lifted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.28.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock traded up $0.30 on Thursday, hitting $16.39. The stock had a trading volume of 9,746,753 shares, compared to its average volume of 12,698,635. The company's 50 day moving average price is $20.72 and its 200 day moving average price is $23.98. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27. 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 52-week low of $14.21 and a 52-week high of $29.29.

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.