Wellington Management Group LLP Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wellington Management Group LLP boosted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 211.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 831,820 shares of the company’s stock after buying an additional 564,423 shares during the quarter. Wellington Management Group LLP’s holdings in Norwegian Cruise Line were worth $21,403,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 12.1% in the 3rd quarter. HighTower Advisors LLC now owns 86,544 shares of the company’s stock valued at $1,778,000 after purchasing an additional 9,309 shares during the period. State Street Corp raised its holdings in Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock worth $312,613,000 after purchasing an additional 621,793 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Norwegian Cruise Line during the third quarter valued at $2,104,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $277,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $236,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Price Performance

NCLH opened at $15.48 on Tuesday. The company’s 50-day simple moving average is $22.80 and its two-hundred day simple moving average is $24.31. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.21 and a 52-week high of $29.29. The stock has a market capitalization of $6.81 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NCLH. Macquarie lifted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. BNP Paribas began coverage on shares of Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price for the company. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Bank of America reduced their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Jefferies Financial Group started coverage on Norwegian Cruise Line in a report on Monday, March 31st. They issued a “buy” rating and a $25.00 target price on the stock. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and a consensus price target 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.