Capital International Investors Increases Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Capital International Investors lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 11.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,194,672 shares of the company’s stock after buying an additional 5,557,951 shares during the quarter. Capital International Investors owned approximately 0.13% of Norwegian Cruise Line worth $1,420,159,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NCLH. Apollon Wealth Management LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $272,000. Cookson Peirce & Co. Inc. bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $654,000. Jupiter Asset Management Ltd. grew its holdings in 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 buying an additional 1,702,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Norwegian Cruise Line by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after buying an additional 47,507 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Norwegian Cruise Line in the fourth quarter worth $416,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $16.39 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $29.29. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.24 and a beta of 2.27. The firm’s 50-day moving average is $20.52 and its 200 day moving average is $23.95.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of research reports. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. 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. Stifel Nicolaus dropped their price target on Norwegian Cruise Line from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday. BNP Paribas assumed coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.28.

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.