KLP Kapitalforvaltning AS Purchases New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

KLP Kapitalforvaltning AS acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,000 shares of the company’s stock, valued at approximately $2,290,000.

Several other institutional investors have also added to or reduced their stakes in NCLH. Two Sigma Advisers LP lifted its holdings in shares of 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 purchasing an additional 3,464,100 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Norwegian Cruise Line in the 4th quarter worth about $52,660,000. Wedge Capital Management L L P NC bought a new position in Norwegian Cruise Line during the 4th quarter valued at about $43,956,000. Jupiter Asset Management Ltd. boosted its holdings in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after acquiring an additional 1,702,748 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $19,064,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley raised Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $27.00 to $22.00 in a report on Friday, March 21st. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a report on Monday, March 17th. Macquarie raised their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.47.

Norwegian Cruise Line Trading Down 1.6 %

Shares of NCLH stock opened at $19.89 on Friday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The stock has a fifty day simple moving average of $24.04 and a two-hundred day simple moving average of $24.31. The firm has a market capitalization of $8.75 billion, a PE ratio of 18.25, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $29.29.

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.