Vanguard Group Inc. Raises Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Vanguard Group Inc. lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 53,307,282 shares of the company’s stock after purchasing an additional 277,360 shares during the period. Vanguard Group Inc. owned 0.12% of Norwegian Cruise Line worth $1,371,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in Norwegian Cruise Line in the 4th quarter worth about $26,000. Kestra Investment Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $27,000. Rakuten Securities Inc. increased its holdings in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the period. Finally, R Squared Ltd bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $31,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $19.89 on Friday. The firm has a market capitalization of $8.75 billion, a P/E ratio of 18.25, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a 50 day moving average price of $24.04 and a 200 day moving average price of $24.31.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Truist Financial raised their target price 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. Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a report on Monday, March 17th. Finally, Macquarie boosted their price objective 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. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus price target of $28.47.

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.