Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 113.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,577,231 shares of the company’s stock after purchasing an additional 2,959,631 shares during the period. Renaissance Technologies LLC’s holdings in Norwegian Cruise Line were worth $143,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Norwegian Cruise Line by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company’s stock valued at $1,371,596,000 after acquiring an additional 277,360 shares in the last quarter. State Street Corp lifted its stake in shares of Norwegian Cruise Line by 4.3% in the 3rd quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after purchasing an additional 621,793 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Norwegian Cruise Line by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company’s stock worth $277,399,000 after purchasing an additional 270,434 shares in the last quarter. Norges Bank acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth about $113,156,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock worth $91,285,000 after acquiring an additional 47,507 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NCLH shares. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Citigroup raised their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Macquarie upped their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line Stock Performance

Shares of NYSE:NCLH opened at $15.48 on Tuesday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The business’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $24.31. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week 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.

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.