Raymond James Financial Inc. Makes New $19.06 Million Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Raymond James Financial Inc. acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 740,912 shares of the company's stock, valued at approximately $19,064,000. Raymond James Financial Inc. owned 0.17% of Norwegian Cruise Line as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NCLH. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line in the fourth quarter worth about $26,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. lifted 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 purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $31,000. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on Norwegian Cruise Line from $31.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company upped their price objective 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. Jefferies Financial Group started coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.94.

Norwegian Cruise Line Stock Up 2.5 %

Shares of NYSE NCLH traded up $0.42 during trading hours on Wednesday, hitting $17.03. The stock had a trading volume of 18,225,807 shares, compared to its average volume of 12,755,006. The company has a market capitalization of $7.49 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.24 and a beta of 2.27. The firm's 50-day moving average price is $19.93 and its two-hundred day moving average price is $23.91. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29.

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.