BlackRock Inc. lifted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Rating) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,353,364 shares of the company’s stock after purchasing an additional 57,401 shares during the period. BlackRock Inc. owned approximately 5.54% of Norwegian Cruise Line worth $265,293,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 14.0% in the 1st quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock valued at $988,111,000 after buying an additional 5,549,673 shares during the last quarter. Capital International Investors raised its holdings in Norwegian Cruise Line by 15.7% during the 1st quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after purchasing an additional 2,875,079 shares during the last quarter. State Street Corp lifted its position in Norwegian Cruise Line by 8.6% during the 1st quarter. State Street Corp now owns 13,336,773 shares of the company’s stock valued at $291,809,000 after purchasing an additional 1,050,800 shares during the period. Invesco Ltd. lifted its position in Norwegian Cruise Line by 13.4% during the 1st quarter. Invesco Ltd. now owns 5,713,862 shares of the company’s stock valued at $125,019,000 after purchasing an additional 677,268 shares during the period. Finally, Ariel Investments LLC grew its position in shares of Norwegian Cruise Line by 113.5% during the 1st quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock worth $77,203,000 after buying an additional 1,876,020 shares during the period. 57.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
NCLH has been the topic of several analyst reports. 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. JPMorgan Chase & Co. restated an “overweight” rating and issued a $30.00 price target (down from $35.00) on shares of Norwegian Cruise Line in a research report on Tuesday, December 6th. Credit Suisse Group reissued an “underperform” rating and issued a $13.00 target price on shares of Norwegian Cruise Line in a research note on Wednesday, March 1st. Barclays decreased their target price on Norwegian Cruise Line from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 1st. Finally, Truist Financial increased their price target on shares of Norwegian Cruise Line from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.04.
Norwegian Cruise Line Stock Down 2.2 %
Norwegian Cruise Line Company Profile
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.
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