Los Angeles Capital Management LLC Purchases New Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Los Angeles Capital Management LLC purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,046,624 shares of the company’s stock, valued at approximately $52,660,000. Los Angeles Capital Management LLC owned approximately 0.47% of Norwegian Cruise Line at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Stonebridge Financial Group LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $31,000. Prestige Wealth Management Group LLC increased its stake in shares of Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Norwegian Cruise Line by 238.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after buying an additional 880 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $24.86 on Tuesday. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The stock’s 50-day moving average is $26.46 and its 200-day moving average is $23.79. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NCLH. Truist Financial lifted 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. Deutsche Bank Aktiengesellschaft lifted their target price on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Macquarie restated an “outperform” rating and issued a $30.00 price target on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Finally, Tigress Financial raised their price target on Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.