Concurrent Investment Advisors LLC Takes $337,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Concurrent Investment Advisors LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,090 shares of the company’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp lifted its position in Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after acquiring an additional 621,793 shares during the period. Geode Capital Management LLC raised its position in Norwegian Cruise Line by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock worth $215,481,000 after buying an additional 261,925 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Norwegian Cruise Line during the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP lifted its holdings in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after buying an additional 3,464,100 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after acquiring an additional 94,178 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 0.9 %

NCLH opened at $24.63 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company’s 50 day simple moving average is $26.42 and its two-hundred day simple moving average is $23.85.

Analysts Set New Price Targets

Several research firms recently weighed in on NCLH. Macquarie reiterated an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Morgan Stanley raised their price target on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Norwegian Cruise Line Company Profile

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.