Optimize Financial Inc Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Optimize Financial Inc bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,953 shares of the company’s stock, valued at approximately $771,000.

A number of other hedge funds have also made changes to their positions in the company. Quinn Opportunity Partners LLC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $257,000. Treasurer of the State of North Carolina boosted its stake in Norwegian Cruise Line by 3.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 192,901 shares of the company’s stock valued at $4,963,000 after acquiring an additional 5,860 shares in the last quarter. Scotia Capital Inc. lifted its stake in Norwegian Cruise Line by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 113,778 shares of the company’s stock valued at $2,928,000 after buying an additional 540 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Norwegian Cruise Line during the 4th quarter worth $19,064,000. Finally, Martingale Asset Management L P purchased a new position in shares of Norwegian Cruise Line during the fourth quarter worth about $1,075,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NCLH shares. Jefferies Financial Group started coverage on shares of Norwegian Cruise Line in a report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target for the company. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Morgan Stanley dropped their price target on shares of Norwegian Cruise Line from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Tigress Financial restated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and an average price target of $28.22.

Norwegian Cruise Line Price Performance

Shares of NYSE NCLH opened at $16.33 on Friday. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.24 and a beta of 2.27. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.21 and a fifty-two week high of $29.29. The firm’s 50-day simple moving average is $21.42 and its 200 day simple moving average is $24.10.

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.