Summit Global Investments Invests $325,000 in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Summit Global Investments acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,636 shares of the company's stock, valued at approximately $325,000.

Several other large investors have also modified their holdings of NCLH. Avior Wealth Management LLC boosted its holdings in Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company's stock valued at $35,000 after acquiring an additional 429 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company's stock worth $944,000 after purchasing an additional 509 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in Norwegian Cruise Line by 3.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company's stock valued at $309,000 after buying an additional 528 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company's stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Norwegian Cruise Line by 29.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company's stock valued at $86,000 after purchasing an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Remove Ads

Norwegian Cruise Line Price Performance

NCLH stock traded down $0.73 during trading on Friday, hitting $19.17. The stock had a trading volume of 9,882,252 shares, compared to its average volume of 12,359,625. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company's 50 day moving average price is $24.04 and its two-hundred day moving average price is $24.31.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NCLH. Bank of America cut their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Loop Capital started coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a "hold" rating and a $26.00 target price on the stock. Barclays raised shares of Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $28.00 to $32.00 in a report on Friday, December 13th. Wells Fargo & Company boosted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Truist Financial lifted their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.47.

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.