Cibc World Markets Corp Has $1.27 Million Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Cibc World Markets Corp increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 45.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 49,509 shares of the company’s stock after purchasing an additional 15,463 shares during the period. Cibc World Markets Corp’s holdings in Norwegian Cruise Line were worth $1,274,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the 4th quarter valued at $27,000. Stonebridge Financial Group LLC bought a new stake in Norwegian Cruise Line in the 4th quarter valued at $27,000. Rakuten Securities Inc. grew its position in Norwegian Cruise Line by 176.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Norwegian Cruise Line during the 4th quarter worth about $31,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 1.8 %

Shares of NCLH opened at $20.44 on Friday. The company has a market capitalization of $8.99 billion, a P/E ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The business’s 50 day simple moving average is $24.49 and its 200-day simple moving average is $24.22. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Analysts Set New Price Targets

A number of research firms recently weighed in on NCLH. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a report on Thursday, January 23rd. Macquarie upped their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Morgan Stanley upgraded shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $22.00 in a research note on Friday. Finally, Bank of America reduced their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

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.