Bryce Point Capital LLC Buys Shares of 65,773 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bryce Point Capital LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 65,773 shares of the company’s stock, valued at approximately $1,692,000.

A number of other large investors have also made changes to their positions in the business. Prestige Wealth Management Group LLC grew its stake in Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after buying an additional 800 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in Norwegian Cruise Line in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $27,000. Finally, Rakuten Securities Inc. raised its position in shares of Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NCLH has been the topic of several research analyst reports. Macquarie boosted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $22.00 in a report on Friday, March 21st. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Monday, March 17th. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research report on Monday. They set a “buy” rating and a $25.00 price target for the company. Finally, Loop Capital assumed coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $19.05 on Wednesday. The firm has a market cap of $8.38 billion, a PE ratio of 17.48, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month 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 business has a 50-day moving average price of $23.55 and a 200 day moving average price of $24.40.

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.