41,766 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Bought by Martingale Asset Management L P

Martingale Asset Management L P bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, HoldingsChannel reports. The firm bought 41,766 shares of the company’s stock, valued at approximately $1,075,000.

A number of other hedge funds have also recently modified their holdings of NCLH. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line during the fourth quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. grew its stake in shares of 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 buying an additional 739 shares during the last quarter. Finally, R Squared Ltd bought a new position in Norwegian Cruise Line during the 4th quarter valued at approximately $31,000. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

NCLH has been the topic of several analyst reports. Macquarie boosted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Jefferies Financial Group initiated coverage on shares of Norwegian Cruise Line in a research note on Monday, March 31st. They issued a “buy” rating and a $25.00 price target on the stock. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $28.22.

Norwegian Cruise Line Trading Down 2.2 %

Norwegian Cruise Line stock opened at $16.33 on Friday. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $24.10. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The company has a market cap of $7.18 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.24 and a beta of 2.27.

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.