Sagespring Wealth Partners LLC Acquires Shares of 37,105 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sagespring Wealth Partners LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,105 shares of the company’s stock, valued at approximately $955,000.

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

Analyst Ratings Changes

A number of analysts have weighed in on NCLH shares. Macquarie raised their price objective 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. Bank of America decreased their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. 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 target price on the stock. Tigress Financial restated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Monday, March 17th. Nine research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.22.

Norwegian Cruise Line Stock Performance

Shares of NCLH opened at $16.33 on Monday. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $24.12. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $29.29. 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.

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.