Renaissance Technologies LLC Purchases 2,959,631 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Renaissance Technologies LLC increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 113.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,577,231 shares of the company's stock after buying an additional 2,959,631 shares during the period. Renaissance Technologies LLC owned about 1.27% of Norwegian Cruise Line worth $143,502,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in Norwegian Cruise Line by 10,800.5% in the fourth quarter. Federated Hermes Inc. now owns 824,405 shares of the company's stock valued at $21,213,000 after acquiring an additional 816,842 shares during the last quarter. Columbus Hill Capital Management L.P. boosted its stake in shares of Norwegian Cruise Line by 12.4% in the 4th quarter. Columbus Hill Capital Management L.P. now owns 1,404,319 shares of the company's stock valued at $36,133,000 after purchasing an additional 154,588 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Norwegian Cruise Line by 35.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,524 shares of the company's stock worth $65,000 after buying an additional 654 shares during the period. Envestnet Asset Management Inc. raised its stake in Norwegian Cruise Line by 546.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 551,905 shares of the company's stock worth $14,201,000 after buying an additional 466,544 shares during the last quarter. Finally, Wedbush Securities Inc. acquired a new position in Norwegian Cruise Line in the fourth quarter valued at $235,000. 69.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BNP Paribas started coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a "neutral" rating and a $21.00 price objective for the company. 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. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Macquarie lifted their price objective 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. Finally, Loop Capital initiated 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 on the stock. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.22.

Norwegian Cruise Line Stock Down 2.2 %

NYSE NCLH traded down $0.36 on Friday, reaching $16.33. The company had a trading volume of 15,514,825 shares, compared to its average volume of 12,657,155. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market capitalization of $7.18 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.24 and a beta of 2.27. The company's fifty day moving average is $21.42 and its 200 day moving average is $24.10. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29.

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.