Tudor Investment Corp Et Al Purchases New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Tudor Investment Corp Et Al purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,363 shares of the company’s stock, valued at approximately $186,000.

Other hedge funds have also bought and sold shares of the company. Moors & Cabot Inc. grew its position in Norwegian Cruise Line by 12.6% in the 2nd quarter. Moors & Cabot Inc. now owns 24,300 shares of the company’s stock valued at $270,000 after purchasing an additional 2,725 shares during the period. State of Michigan Retirement System boosted its holdings in Norwegian Cruise Line by 6.5% during the 2nd quarter. State of Michigan Retirement System now owns 112,079 shares of the company’s stock worth $1,246,000 after acquiring an additional 6,800 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Norwegian Cruise Line by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 630,637 shares of the company’s stock worth $7,164,000 after acquiring an additional 20,052 shares during the last quarter. M&T Bank Corp boosted its holdings in Norwegian Cruise Line by 31.1% during the 2nd quarter. M&T Bank Corp now owns 23,315 shares of the company’s stock worth $177,000 after acquiring an additional 5,528 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Norwegian Cruise Line during the 3rd quarter worth $212,000. Institutional investors and hedge funds own 57.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial lifted their price objective on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Wells Fargo & Company cut their price objective on shares of Norwegian Cruise Line from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, March 1st. Morgan Stanley downgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $11.50 in a report on Tuesday, January 10th. Citigroup cut their price objective on shares of Norwegian Cruise Line from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Norwegian Cruise Line in a research note on Tuesday, December 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given 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 “Hold” and an average target price of $18.04.

Norwegian Cruise Line Trading Down 2.2 %

Shares of Norwegian Cruise Line stock opened at $14.06 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $10.31 and a 52-week high of $23.43. The stock’s 50-day simple moving average is $15.61 and its 200 day simple moving average is $15.03. The stock has a market capitalization of $5.93 billion, a P/E ratio of -2.60 and a beta of 2.51. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.43 and a current ratio of 0.46.

Norwegian Cruise Line Company Profile

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Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. It also offers an entirely inter-island itinerary in Hawaii.