CIBC Asset Management Inc Purchases 1,450 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

CIBC Asset Management Inc boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,437 shares of the company’s stock after purchasing an additional 1,450 shares during the quarter. CIBC Asset Management Inc’s holdings in Norwegian Cruise Line were worth $1,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 5.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 177,496 shares of the company’s stock worth $3,640,000 after acquiring an additional 8,890 shares during the period. International Assets Investment Management LLC raised its stake in Norwegian Cruise Line by 3,190.5% in the 3rd quarter. International Assets Investment Management LLC now owns 436,227 shares of the company’s stock worth $8,947,000 after purchasing an additional 422,970 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Norwegian Cruise Line by 71.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,275 shares of the company’s stock valued at $676,000 after purchasing an additional 13,453 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NCLH. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, December 17th. UBS Group increased their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. One 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.06.

Norwegian Cruise Line Price Performance

NCLH stock opened at $24.09 on Friday. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.25 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a 50 day simple moving average of $26.49 and a 200 day simple moving average of $23.60. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year 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.