American Century Companies Inc. grew its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 22.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,743,772 shares of the company’s stock after buying an additional 318,819 shares during the period. American Century Companies Inc. owned 0.38% of Norwegian Cruise Line worth $42,949,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new stake in Norwegian Cruise Line during the second quarter worth about $26,000. Laurel Wealth Advisors LLC boosted its holdings in Norwegian Cruise Line by 1,928.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $41,000 after acquiring an additional 1,928 shares during the period. Westside Investment Management Inc. lifted its holdings in Norwegian Cruise Line by 81.9% during the 3rd quarter. Westside Investment Management Inc. now owns 2,004 shares of the company’s stock worth $49,000 after buying an additional 902 shares in the last quarter. SouthState Bank Corp boosted its holdings in Norwegian Cruise Line by 74.5% in the third quarter. SouthState Bank Corp now owns 2,201 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Stock Performance
Shares of NCLH stock opened at $20.07 on Friday. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 0.54 and a beta of 2.00. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $27.18. The company’s 50-day simple moving average is $22.65 and its 200-day simple moving average is $22.49. The company has a debt-to-equity ratio of 6.21, a quick ratio of 0.17 and a current ratio of 0.21.
Analysts Set New Price Targets
A number of equities research analysts have commented on NCLH shares. UBS Group reissued a “neutral” rating on shares of Norwegian Cruise Line in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Norwegian Cruise Line from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays reduced their price objective on Norwegian Cruise Line from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday. TD Cowen reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, January 13th. Finally, Zacks Research lowered Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.55.
Check Out Our Latest Analysis on NCLH
Norwegian Cruise Line 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.
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