Nomura Asset Management Co. Ltd. Increases Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Nomura Asset Management Co. Ltd. boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 12.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,995 shares of the company’s stock after purchasing an additional 760 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Norwegian Cruise Line were worth $180,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its position in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $16.28 on Friday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The stock’s 50-day moving average is $23.21 and its 200-day moving average is $24.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NCLH. Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target for the company. BNP Paribas initiated coverage on Norwegian Cruise Line in a research note on Thursday, March 27th. They set a “neutral” rating and a $21.00 price objective on the stock. Macquarie boosted their target price on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.28.

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.