Strs Ohio acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,227 shares of the company’s stock, valued at approximately $895,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at about $33,000. Versant Capital Management Inc boosted its position in Norwegian Cruise Line by 147.7% in the 1st quarter. Versant Capital Management Inc now owns 1,880 shares of the company’s stock valued at $36,000 after buying an additional 1,121 shares during the last quarter. Bogart Wealth LLC boosted its position in Norwegian Cruise Line by 1,012.0% in the 1st quarter. Bogart Wealth LLC now owns 2,224 shares of the company’s stock valued at $42,000 after buying an additional 2,024 shares during the last quarter. CENTRAL TRUST Co boosted its position in Norwegian Cruise Line by 2,621.0% in the 1st quarter. CENTRAL TRUST Co now owns 2,721 shares of the company’s stock valued at $52,000 after buying an additional 2,621 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in Norwegian Cruise Line in the 1st quarter valued at about $56,000. 69.58% of the stock is owned by hedge funds and other institutional investors.
Norwegian Cruise Line Trading Up 0.2%
Shares of NYSE:NCLH opened at $25.44 on Friday. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.13 and a beta of 2.19. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.16 and a current ratio of 0.18. The company has a 50 day moving average price of $24.53 and a 200 day moving average price of $20.64.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NCLH. TD Cowen began coverage on shares of Norwegian Cruise Line in a research report on Tuesday, July 22nd. They set a “buy” rating and a $31.00 price target on the stock. Bank of America increased their price target on shares of Norwegian Cruise Line from $20.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price target on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. UBS Group increased their price target on shares of Norwegian Cruise Line from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 26th. Finally, Jefferies Financial Group increased their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.60.
Read Our Latest Analysis on Norwegian Cruise Line
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.
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