Summit Global Investments Purchases Shares of 12,636 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Summit Global Investments acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,636 shares of the company’s stock, valued at approximately $325,000.

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

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $20.73 on Tuesday. 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 firm has a market cap of $9.12 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The firm’s fifty day moving average price is $24.39 and its 200 day moving average price is $24.34. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29.

Analyst Ratings Changes

A number of research firms have recently commented on NCLH. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Truist Financial boosted their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Bank of America dropped their target price on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Citigroup boosted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.