Los Angeles Capital Management LLC boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 25.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 371,217 shares of the company’s stock after buying an additional 74,630 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Norwegian Cruise Line were worth $8,248,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in NCLH. Integrated Wealth Concepts LLC boosted its holdings 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. boosted its holdings in Norwegian Cruise Line by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after acquiring an additional 2,002 shares during the last quarter. Woodline Partners LP boosted its holdings in Norwegian Cruise Line by 40.7% in the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock valued at $704,000 after acquiring an additional 10,743 shares during the last quarter. Jump Financial LLC boosted its holdings in Norwegian Cruise Line by 133.0% in the second quarter. Jump Financial LLC now owns 38,904 shares of the company’s stock valued at $789,000 after acquiring an additional 22,204 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Norwegian Cruise Line by 5.1% in the second quarter. California Public Employees Retirement System now owns 766,825 shares of the company’s stock valued at $15,551,000 after acquiring an additional 37,071 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Trading Down 1.0%
NYSE NCLH opened at $18.57 on Tuesday. The firm has a market cap of $8.52 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.19 and a beta of 1.89. The company has a debt-to-equity ratio of 5.75, a current ratio of 0.21 and a quick ratio of 0.18. The stock’s 50-day moving average is $18.16 and its 200-day moving average is $20.29. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.53 and a one year high of $27.18.
Analyst Ratings Changes
NCLH has been the topic of several recent research reports. Northcoast Research cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Mizuho cut their target price on Norwegian Cruise Line from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Wolfe Research reissued an “outperform” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 3rd. Wells Fargo & Company cut their target price on Norwegian Cruise Line from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on Norwegian Cruise Line in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $20.95.
View Our Latest Stock Analysis on NCLH
Insiders Place Their Bets
In other news, CEO John Chidsey acquired 153,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $16.37 per share, for a total transaction of $2,504,610.00. Following the completion of the acquisition, the chief executive officer owned 1,139,940 shares in the company, valued at $18,660,817.80. This represents a 15.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Zillah Byng-Thorne acquired 4,452 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $17.83 per share, with a total value of $79,379.16. Following the completion of the acquisition, the director owned 25,742 shares of the company’s stock, valued at $458,979.86. This represents a 20.91% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 1,592,467 shares of company stock worth $28,493,204. 0.41% of the stock is owned by company insiders.
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.
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