Harvest Fund Management Co. Ltd purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,501 shares of the company's stock, valued at approximately $1,119,000.
Several other institutional investors also recently bought and sold shares of the company. Atria Investments Inc lifted its stake in shares of Norwegian Cruise Line by 15.2% in the third quarter. Atria Investments Inc now owns 22,113 shares of the company's stock worth $454,000 after buying an additional 2,910 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Norwegian Cruise Line by 72.5% in the 3rd quarter. GSA Capital Partners LLP now owns 18,662 shares of the company's stock worth $383,000 after purchasing an additional 7,846 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company's stock valued at $918,000 after purchasing an additional 521 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Norwegian Cruise Line in the 3rd quarter worth about $212,000. Finally, KBC Group NV raised its position in Norwegian Cruise Line by 15.0% in the 3rd quarter. KBC Group NV now owns 11,946 shares of the company's stock worth $245,000 after buying an additional 1,559 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NCLH stock opened at $19.85 on Thursday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a market capitalization of $8.73 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The firm's 50-day moving average is $24.72 and its two-hundred day moving average is $24.23. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.
A number of research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 target price on the stock in a report on Monday. Bank of America cut their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Macquarie upped their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Finally, Tigress Financial reaffirmed a "strong-buy" rating and set a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.19.
Check Out Our Latest Stock Report on Norwegian Cruise Line
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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