Vanguard Group Inc. lifted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,307,282 shares of the company's stock after acquiring an additional 277,360 shares during the quarter. Vanguard Group Inc. owned 12.12% of Norwegian Cruise Line worth $1,371,596,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $272,000. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth $654,000. Zacks Investment Management purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth about $3,821,000. Hodges Capital Management Inc. lifted its holdings in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company's stock valued at $31,678,000 after purchasing an additional 23,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company's stock worth $71,791,000 after purchasing an additional 94,178 shares during the period. 69.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
NCLH has been the topic of several research reports. Morgan Stanley raised shares of Norwegian Cruise Line from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $27.00 to $22.00 in a research report on Friday, March 21st. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research report on Monday. They issued a "buy" rating and a $25.00 price objective for the company. Citigroup upped their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price target for the company in a report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.28.
Check Out Our Latest Stock Report on NCLH
Norwegian Cruise Line Price Performance
Shares of Norwegian Cruise Line stock traded up $0.09 during trading on Tuesday, hitting $19.05. 7,301,133 shares of the stock traded hands, compared to its average volume of 12,350,469. The firm's fifty day moving average is $23.55 and its 200-day moving average is $24.40. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.
About Norwegian Cruise Line
(
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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