Arrowstreet Capital Limited Partnership Purchases 2,112,667 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Arrowstreet Capital Limited Partnership raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2,064.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,214,989 shares of the company’s stock after purchasing an additional 2,112,667 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.50% of Norwegian Cruise Line worth $56,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares during the period. Rakuten Securities Inc. lifted its position in shares of Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after buying an additional 739 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Norwegian Cruise Line by 29.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock valued at $86,000 after acquiring an additional 754 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Norwegian Cruise Line by 12.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock worth $180,000 after acquiring an additional 760 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Norwegian Cruise Line by 5.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company’s stock worth $396,000 after acquiring an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NCLH. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. BNP Paribas began coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price target for the company. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Loop Capital initiated coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Trading Up 0.5 %

NCLH opened at $19.05 on Wednesday. The stock has a 50-day moving average of $23.55 and a 200 day moving average of $24.40. 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 $14.69 and a 12 month high of $29.29. The firm has a market cap of $8.38 billion, a P/E ratio of 17.48, a P/E/G ratio of 0.24 and a beta of 2.62.

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.