Golden State Wealth Management LLC Purchases New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Golden State Wealth Management LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,839 shares of the company’s stock, valued at approximately $73,000.

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

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $26.51 on Tuesday. The stock has a market capitalization of $11.65 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. 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 stock’s 50-day moving average price is $26.69 and its 200-day moving average price is $23.08.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho increased their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Macquarie restated an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their price objective on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and a consensus target price of $29.06.

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.