Citigroup Inc. Buys 1,638,889 Shares of Norwegian Cruise Line Holdings Ltd. $NCLH

Citigroup Inc. increased its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 341.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,119,090 shares of the company’s stock after buying an additional 1,638,889 shares during the quarter. Citigroup Inc. owned approximately 0.47% of Norwegian Cruise Line worth $52,193,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its stake in Norwegian Cruise Line by 26.7% in the first quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock valued at $439,000 after acquiring an additional 4,872 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Norwegian Cruise Line by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after purchasing an additional 2,002 shares during the period. Woodline Partners LP lifted its stake in Norwegian Cruise Line by 40.7% in the 1st quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock valued at $704,000 after purchasing an additional 10,743 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $210,000. Finally, Asset Management One Co. Ltd. grew its holdings in Norwegian Cruise Line by 22.1% during the second quarter. Asset Management One Co. Ltd. now owns 15,989 shares of the company’s stock worth $324,000 after purchasing an additional 2,896 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Down 3.5%

NCLH opened at $23.45 on Tuesday. The stock has a fifty day moving average of $22.67 and a 200-day moving average of $22.57. The company has a market capitalization of $10.68 billion, a P/E ratio of 17.24, a P/E/G ratio of 0.64 and a beta of 2.06. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $27.18. The company has a debt-to-equity ratio of 6.22, a quick ratio of 0.17 and a current ratio of 0.19.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group lowered Norwegian Cruise Line from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Tuesday, December 9th. Wells Fargo & Company boosted their target price on Norwegian Cruise Line from $29.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Morgan Stanley dropped their price target on Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Mizuho lifted their price objective on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Norwegian Cruise Line in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.32.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.