Arrowstreet Capital Limited Partnership Purchases 2,112,667 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Arrowstreet Capital Limited Partnership boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2,064.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,214,989 shares of the company’s stock after buying an additional 2,112,667 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Norwegian Cruise Line were worth $56,992,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NCLH. Nomura Asset Management Co. Ltd. lifted its position in shares of Norwegian Cruise Line by 12.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock worth $180,000 after purchasing an additional 760 shares during the last quarter. Norges Bank bought a new stake in Norwegian Cruise Line during the 4th quarter valued at about $113,156,000. Blair William & Co. IL purchased a new stake in Norwegian Cruise Line in the 4th quarter valued at about $243,000. NEOS Investment Management LLC grew its stake in Norwegian Cruise Line by 29.8% in the 4th quarter. NEOS Investment Management LLC now owns 27,083 shares of the company’s stock worth $697,000 after acquiring an additional 6,223 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Norwegian Cruise Line by 63.7% during the fourth quarter. WINTON GROUP Ltd now owns 49,789 shares of the company’s stock worth $1,281,000 after acquiring an additional 19,372 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 0.5 %

Shares of NCLH stock opened at $19.05 on Wednesday. The stock’s fifty day moving average price is $23.55 and its 200 day moving average price is $24.40. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Analyst Ratings Changes

NCLH has been the subject of a number of research reports. BNP Paribas began coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $27.00 to $22.00 in a research note on Friday, March 21st. Macquarie upped 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. Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price on the stock. Finally, The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.28.

Norwegian Cruise Line 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.