SPX Gestao de Recursos Ltda Acquires Shares of 50,000 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

SPX Gestao de Recursos Ltda acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company’s stock, valued at approximately $1,286,000.

Several other institutional investors have also added to or reduced their stakes in NCLH. Prestige Wealth Management Group LLC raised its position in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. R Squared Ltd acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. Finally, Venturi Wealth Management LLC raised its position in Norwegian Cruise Line by 238.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after purchasing an additional 880 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Macquarie boosted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Bank of America decreased their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup boosted their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Truist Financial boosted their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $18.72 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.24 and a beta of 2.62. The company’s fifty day moving average is $25.62 and its 200 day moving average is $24.21.

About 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.