Sciencast Management LP acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 31,994 shares of the company's stock, valued at approximately $823,000.
Several other large investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its position in shares of Norwegian Cruise Line by 192.3% in 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. acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $27,000. Finally, Rakuten Securities Inc. grew its position in shares of Norwegian Cruise Line by 176.0% in 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 in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on NCLH. Citigroup lifted their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Tigress Financial reissued a "strong-buy" rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. JPMorgan Chase & Co. upgraded 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 report on Monday, March 17th. Bank of America reduced their target price on shares of 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. Finally, Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.47.
Read Our Latest Stock Analysis on NCLH
Norwegian Cruise Line Stock Down 1.6 %
Shares of NCLH traded down $0.33 during mid-day trading on Thursday, hitting $19.89. 6,928,818 shares of the company's stock were exchanged, compared to its average volume of 12,149,491. The stock's 50-day moving average is $24.17 and its 200-day moving average is $24.34. 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 fifty-two week low of $14.69 and a fifty-two week high of $29.29. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 0.24 and a beta of 2.62.
Norwegian Cruise Line Company Profile
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Free Report)
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.
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