Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,284 shares of the company’s stock after acquiring an additional 3,824 shares during the period. Summit Trail Advisors LLC’s holdings in Norwegian Cruise Line were worth $445,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NCLH. Zacks Investment Management purchased a new position in shares of Norwegian Cruise Line during the third quarter worth $3,821,000. Hodges Capital Management Inc. raised its stake in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after buying an additional 163,777 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Norwegian Cruise Line in the third quarter worth about $615,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several recent research reports. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Tigress Financial lifted their target price on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $29.00 to $35.00 in a report on Tuesday, December 10th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.06.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $26.16 on Wednesday. The firm has a market cap of $11.50 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. The stock has a 50 day moving average of $26.66 and a two-hundred day moving average of $23.14. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

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.