Franklin Resources Inc. Purchases 1,770 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Franklin Resources Inc. increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,163 shares of the company’s stock after acquiring an additional 1,770 shares during the period. Franklin Resources Inc.’s holdings in Norwegian Cruise Line were worth $442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Norwegian Cruise Line by 29.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock worth $86,000 after acquiring an additional 754 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Norwegian Cruise Line by 12.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock valued at $180,000 after purchasing an additional 760 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Norwegian Cruise Line by 5.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company’s stock worth $396,000 after purchasing an additional 784 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Norwegian Cruise Line by 2.0% during the 4th quarter. Fifth Third Bancorp now owns 40,534 shares of the company’s stock valued at $1,043,000 after buying an additional 795 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Up 1.8 %

Shares of NCLH stock opened at $16.39 on Friday. The stock’s 50-day moving average price is $20.52 and its 200-day moving average price is $23.95. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Analyst Ratings Changes

A number of analysts recently commented on NCLH shares. BNP Paribas assumed coverage on Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 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 company a “buy” rating in a report on Friday, February 28th. Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Macquarie raised their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line 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.