Mesirow Institutional Investment Management Inc. Invests $2.87 Million in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mesirow Institutional Investment Management Inc. bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 111,632 shares of the company’s stock, valued at approximately $2,872,000.

Other hedge funds also recently bought and sold shares of the company. Apollon Wealth Management LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $272,000. Cookson Peirce & Co. Inc. bought a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $654,000. Jupiter Asset Management Ltd. lifted its stake in shares of Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after purchasing an additional 1,702,748 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Norwegian Cruise Line by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock valued at $91,285,000 after purchasing an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $416,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 1.8 %

Shares of NCLH stock opened at $16.39 on Monday. 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 $14.21 and a 12-month high of $29.29. The stock has a market capitalization of $7.21 billion, a P/E ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $23.99.

Wall Street Analyst Weigh In

Several brokerages have commented on NCLH. Citigroup raised their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Bank of America lowered their price target on shares of 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. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, March 17th. 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 research note on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line Company 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.