Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 211.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 831,820 shares of the company's stock after purchasing an additional 564,423 shares during the period. Wellington Management Group LLP owned about 0.19% of Norwegian Cruise Line worth $21,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NCLH. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line in the fourth quarter valued at about $26,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. raised its stake in shares of 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 acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They set a "buy" rating and a $25.00 price target on the stock. Wells Fargo & Company increased their price target on 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. Macquarie raised their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Citigroup upped their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, BNP Paribas started coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a "neutral" rating and a $21.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.22.

Norwegian Cruise Line Stock Performance

Shares of NCLH traded down $0.36 during trading hours on Friday, hitting $16.33. The stock had a trading volume of 15,514,825 shares, compared to its average volume of 12,657,155. The firm has a 50-day moving average price of $21.42 and a 200 day moving average price of $24.10. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.24 and a beta of 2.27. 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 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.