Proficio Capital Partners LLC Invests $2.07 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Proficio Capital Partners LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 80,535 shares of the company's stock, valued at approximately $2,072,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $27,000. R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $31,000. Prestige Wealth Management Group LLC raised its stake in Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company's stock valued at $25,000 after purchasing an additional 800 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after purchasing an additional 880 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NCLH. Morgan Stanley upgraded shares of Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $27.00 to $22.00 in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price for the company in a research note on Monday, March 17th. Bank of America cut 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 research note on Friday, March 7th. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Macquarie upped their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.94.

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Norwegian Cruise Line Price Performance

Shares of NCLH traded up $0.35 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 market capitalization of $8.99 billion, a PE ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62. 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 fifty-two week low of $14.69 and a fifty-two week high of $29.29. The company has a 50 day moving average price of $24.49 and a 200 day moving average price of $24.27.

Norwegian Cruise Line Profile

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.