Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,834 shares of the company's stock after buying an additional 19,413 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Norwegian Cruise Line were worth $3,006,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its position in shares of Norwegian Cruise Line by 864.9% in the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company's stock worth $79,263,000 after acquiring an additional 3,464,100 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at $52,660,000. Wedge Capital Management L L P NC purchased a new position in Norwegian Cruise Line during the fourth quarter worth approximately $43,956,000. Raymond James Financial Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter worth $19,064,000. Finally, State Street Corp grew its position in shares of Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company's stock valued at $312,613,000 after purchasing an additional 621,793 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded up $0.78 during mid-day trading on Wednesday, hitting $19.85. 13,342,178 shares of the stock were exchanged, compared to its average volume of 11,979,440. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month 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 stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 0.24 and a beta of 2.62. The stock's fifty day simple moving average is $24.84 and its two-hundred day simple moving average is $24.26.

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Analyst Ratings Changes

NCLH has been the topic of several recent research reports. Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Bank of America lowered their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company boosted their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Macquarie lifted their price objective on 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, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.19.

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.