WealthPlan Investment Management LLC Invests $1.82 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

WealthPlan Investment Management LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 110,666 shares of the company’s stock, valued at approximately $1,824,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NCLH. Vanguard Group Inc. grew its holdings in Norwegian Cruise Line by 14.0% during the first quarter. Vanguard Group Inc. now owns 45,160,452 shares of the company’s stock worth $988,111,000 after purchasing an additional 5,549,673 shares during the period. Lombard Odier Asset Management USA Corp grew its holdings in Norwegian Cruise Line by 100.4% during the fourth quarter. Lombard Odier Asset Management USA Corp now owns 17,455 shares of the company’s stock worth $214,000 after purchasing an additional 4,376,855 shares during the period. Norges Bank bought a new position in Norwegian Cruise Line during the fourth quarter worth about $46,141,000. Capital International Investors grew its holdings in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company’s stock worth $464,775,000 after purchasing an additional 2,875,079 shares during the period. Finally, Ariel Investments LLC grew its holdings in Norwegian Cruise Line by 113.5% during the first quarter. Ariel Investments LLC now owns 3,528,503 shares of the company’s stock worth $77,203,000 after purchasing an additional 1,876,020 shares during the period. Institutional investors and hedge funds own 60.49% of the company’s stock.

Norwegian Cruise Line Trading Down 6.2 %

Shares of NCLH stock opened at $16.42 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 28.80. The stock has a market cap of $6.99 billion, a P/E ratio of -26.92 and a beta of 2.60. The stock has a 50 day simple moving average of $18.38 and a 200 day simple moving average of $16.75. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $12.15 and a 1 year high of $22.75.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NCLH. Susquehanna lifted their price target on Norwegian Cruise Line from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. StockNews.com cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Barclays reduced their price target on Norwegian Cruise Line from $20.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Truist Financial reduced their price objective on Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, November 21st. Finally, Morgan Stanley reduced their price objective on Norwegian Cruise Line from $14.50 to $13.50 and set an “underweight” rating for the company in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.39.

View Our Latest Stock Report on NCLH

Norwegian Cruise Line Profile

(Free Report)

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 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 locations, including destinations in Scandinavia, Russia, 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.

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Institutional Ownership by Quarter for Norwegian Cruise Line (NYSE:NCLH)

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