Picton Mahoney Asset Management Buys New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Picton Mahoney Asset Management bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 123,600 shares of the company’s stock, valued at approximately $3,181,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Norwegian Cruise Line by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after acquiring an additional 509 shares during the last quarter. Mount Lucas Management LP lifted its position in Norwegian Cruise Line by 2.4% during the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after acquiring an additional 516 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares in the last quarter. Finally, Vinva Investment Management Ltd increased its stake in Norwegian Cruise Line by 3.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 15,085 shares of the company’s stock valued at $309,000 after purchasing an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NCLH shares. Truist Financial upped their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Citigroup upped their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Bank of America cut their price target 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, March 7th. Finally, Macquarie upped their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $19.21 on Friday. The company’s fifty day moving average price is $25.08 and its 200 day moving average price is $24.20. 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 capitalization of $8.45 billion, a PE ratio of 17.62, 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 quick ratio of 0.17 and a current ratio of 0.20.

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.