123,600 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 123,600 shares of the company's stock, valued at approximately $3,181,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC raised its stake in Norwegian Cruise Line by 192.3% during 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. purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $27,000. Finally, Rakuten Securities Inc. raised its stake in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock valued at $30,000 after buying an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded up $0.25 during trading hours on Thursday, hitting $20.09. The stock had a trading volume of 12,821,743 shares, compared to its average volume of 12,098,876. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The firm has a market capitalization of $8.84 billion, a PE ratio of 18.44, a PEG ratio of 0.24 and a beta of 2.62. The stock has a fifty day moving average price of $24.72 and a 200 day moving average price of $24.23.

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Wall Street Analyst Weigh In

NCLH has been the subject of a number of recent research reports. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Macquarie lifted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Bank of America reduced their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Friday, March 7th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.