SBI Securities Co. Ltd. Takes $803,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

SBI Securities Co. Ltd. bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,219 shares of the company’s stock, valued at approximately $803,000.

Several other hedge funds have also bought and sold shares of NCLH. Baillie Gifford & Co. bought a new stake in Norwegian Cruise Line in the third quarter valued at approximately $179,146,000. Two Sigma Advisers LP increased its holdings 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 worth $79,263,000 after acquiring an additional 3,464,100 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Norwegian Cruise Line in the 4th quarter valued at $52,660,000. Wedge Capital Management L L P NC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $43,956,000. Finally, ING Groep NV boosted its position in Norwegian Cruise Line by 1,340.3% during the third quarter. ING Groep NV now owns 831,505 shares of the company’s stock worth $17,054,000 after purchasing an additional 773,772 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $21.97 on Tuesday. 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 has a market cap of $9.66 billion, a PE ratio of 20.16, a PEG ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29. The business has a 50-day simple moving average of $26.22 and a two-hundred day simple moving average of $24.07.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upped their target price on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Finally, StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.31.

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.