Arizona State Retirement System Purchases 4,065 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Arizona State Retirement System raised its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,604 shares of the company’s stock after acquiring an additional 4,065 shares during the quarter. Arizona State Retirement System’s holdings in Norwegian Cruise Line were worth $3,283,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at about $2,072,000. M&T Bank Corp boosted its holdings in shares of Norwegian Cruise Line by 4.5% during the 4th quarter. M&T Bank Corp now owns 57,386 shares of the company’s stock worth $1,477,000 after buying an additional 2,449 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $654,000. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 47,507 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at $803,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on NCLH. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Morgan Stanley raised their target price on Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. 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. Loop Capital began coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective for the company. Finally, Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.19.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $20.05 on Monday. The company’s 50 day moving average price is $25.77 and its two-hundred day moving average price is $24.19. The stock has a market cap of $8.82 billion, a P/E ratio of 18.40, a P/E/G ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

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.