Raymond James Financial Inc. Acquires New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Raymond James Financial Inc. acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 740,912 shares of the company's stock, valued at approximately $19,064,000. Raymond James Financial Inc. owned approximately 0.17% of Norwegian Cruise Line at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew 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 acquiring an additional 800 shares in the last quarter. 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. R Squared Ltd purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $31,000. Finally, Venturi Wealth Management LLC grew its stake in Norwegian Cruise Line by 238.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company's stock valued at $32,000 after acquiring an additional 880 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NCLH shares. Loop Capital started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a "hold" rating and a $26.00 target price for the company. Tigress Financial reissued a "strong-buy" rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research note on Monday. Bank of America dropped their price objective 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. Finally, Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.19.

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Norwegian Cruise Line Trading Up 1.3 %

NCLH traded up $0.25 on Thursday, reaching $20.09. 12,775,210 shares of the company traded hands, compared to its average volume of 12,098,760. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The firm has a fifty day simple moving average of $24.72 and a two-hundred day simple moving average of $24.23. The company has a market cap of $8.84 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line Company 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.