Handelsbanken Fonder AB Buys 3,800 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Handelsbanken Fonder AB boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,400 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Norwegian Cruise Line were worth $2,969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NCLH. Baillie Gifford & Co. acquired a new position in shares of Norwegian Cruise Line during the third quarter valued at about $179,146,000. Two Sigma Advisers LP increased its stake in Norwegian Cruise Line by 864.9% during the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after acquiring an additional 3,464,100 shares during the period. Wedge Capital Management L L P NC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $43,956,000. ING Groep NV lifted its position in shares of Norwegian Cruise Line by 1,340.3% in the 3rd quarter. ING Groep NV now owns 831,505 shares of the company’s stock worth $17,054,000 after acquiring an additional 773,772 shares during the period. Finally, State Street Corp grew its holdings in shares of Norwegian Cruise Line by 4.3% during the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after purchasing an additional 621,793 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Up 3.1 %

Shares of NYSE NCLH opened at $24.86 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.69 and a twelve month high of $29.29. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 0.24 and a beta of 2.64. 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 company’s fifty day moving average is $26.46 and its 200-day moving average is $23.79.

Wall Street Analysts Forecast Growth

NCLH has been the subject of a number of recent research reports. Truist Financial upped their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Tigress Financial increased their price objective on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lifted their target price on shares of Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Macquarie restated an “outperform” rating and set a $30.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 17th. One equities 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 stock. Based on data from MarketBeat.com, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

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.