Columbus Hill Capital Management L.P. boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,720,728 shares of the company’s stock after acquiring an additional 144,019 shares during the quarter. Norwegian Cruise Line comprises about 8.8% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest position. Columbus Hill Capital Management L.P. owned 0.60% of Norwegian Cruise Line worth $67,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in NCLH. Integrated Wealth Concepts LLC raised its holdings in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Norwegian Cruise Line by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock valued at $917,000 after purchasing 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 worth $704,000 after acquiring an additional 10,743 shares in the last quarter. Metis Global Partners LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter worth approximately $217,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter valued at $979,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Stock Performance
Shares of Norwegian Cruise Line stock opened at $18.87 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $27.18. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.52 and a beta of 2.00. The firm’s fifty day simple moving average is $22.40 and its 200-day simple moving average is $22.34. The company has a debt-to-equity ratio of 6.21, a current ratio of 0.21 and a quick ratio of 0.18.
Analysts Set New Price Targets
A number of research analysts recently issued reports on NCLH shares. Mizuho decreased their target price on shares of Norwegian Cruise Line from $32.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Wolfe Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, March 3rd. TD Cowen reissued a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price objective on Norwegian Cruise Line from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.55.
Check Out Our Latest Stock Report on NCLH
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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