ExodusPoint Capital Management LP Takes $7.63 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ExodusPoint Capital Management LP acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 296,568 shares of the company’s stock, valued at approximately $7,631,000.

A number of other large investors also recently bought and sold shares of NCLH. Prestige Wealth Management Group LLC boosted its position 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 valued at $25,000 after acquiring an additional 800 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the fourth quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line in the fourth quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line in the fourth quarter worth about $27,000. Finally, Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $15.67 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a 50 day moving average price of $23.01 and a 200-day moving average price of $24.28. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.50 and a 1-year high of $29.29. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America lowered their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Monday, March 17th. BNP Paribas initiated coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price objective on the stock. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Company 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.