Channing Capital Management LLC Makes New $8.59 Million Investment in Norwegian Cruise Line Holdings Ltd. $NCLH

Channing Capital Management LLC acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 348,837 shares of the company’s stock, valued at approximately $8,592,000. Channing Capital Management LLC owned 0.08% of Norwegian Cruise Line at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at $26,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Norwegian Cruise Line by 1,928.0% during the second 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. Hantz Financial Services Inc. boosted its stake in shares of Norwegian Cruise Line by 133.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,284 shares of the company’s stock valued at $46,000 after purchasing an additional 1,305 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Norwegian Cruise Line by 81.9% in the 3rd quarter. Westside Investment Management Inc. now owns 2,004 shares of the company’s stock worth $49,000 after purchasing an additional 902 shares during the last quarter. Finally, SouthState Bank Corp increased its position in shares of Norwegian Cruise Line by 74.5% during the 3rd quarter. SouthState Bank Corp now owns 2,201 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $20.00 price target (down from $28.00) on shares of Norwegian Cruise Line in a research report on Friday, February 13th. The Goldman Sachs Group downgraded Norwegian Cruise Line from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $21.00 in a report on Tuesday, December 9th. Susquehanna dropped their price target on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Stifel Nicolaus reduced their price objective on Norwegian Cruise Line from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, TD Cowen restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $26.32.

Norwegian Cruise Line Stock Up 2.4%

NYSE:NCLH opened at $24.30 on Friday. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 0.64 and a beta of 2.06. The company has a debt-to-equity ratio of 6.22, a quick ratio of 0.17 and a current ratio of 0.19. The stock’s fifty day moving average price is $22.64 and its two-hundred day moving average price is $22.59. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $27.18.

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.