OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 169,527 shares of the company's stock, valued at approximately $4,362,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC raised its stake in Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after buying an additional 800 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $27,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after purchasing an additional 739 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on NCLH shares. Morgan Stanley raised Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $27.00 to $22.00 in a report on Friday. Truist Financial increased their price objective on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Citigroup increased their price objective 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, Loop Capital started coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a "hold" rating and a $26.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of "Moderate Buy" and an average price target of $28.94.
Read Our Latest Stock Report on Norwegian Cruise Line
Norwegian Cruise Line Price Performance
NCLH traded up $0.35 during trading on Friday, hitting $20.44. The company's stock had a trading volume of 19,955,995 shares, compared to its average volume of 12,172,155. 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 twelve month low of $14.69 and a twelve month high of $29.29. The business's fifty day simple moving average is $24.49 and its 200 day simple moving average is $24.27. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.24 and a beta of 2.62.
Norwegian Cruise Line Company Profile
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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.
Further Reading
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