Resona Asset Management Co. Ltd. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Resona Asset Management Co. Ltd. purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,953 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also modified their holdings of NCLH. Hopwood Financial Services Inc. purchased a new stake in Norwegian Cruise Line during the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Norwegian Cruise Line in the 4th quarter valued at about $27,000. Rakuten Securities Inc. increased its holdings in 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 acquiring an additional 739 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Norwegian Cruise Line during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Bank of America cut their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Tigress Financial reaffirmed 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. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a research note on Thursday, March 27th. They issued a “neutral” rating and a $21.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.22.

Norwegian Cruise Line Price Performance

NCLH stock opened at $16.33 on Friday. The company has a market cap of $7.18 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a 50-day moving average price of $21.42 and a two-hundred day moving average price of $24.10. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29.

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.