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

Vestcor Inc purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,000 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds have also made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $272,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $654,000. Zacks Investment Management bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $3,821,000. Hodges Capital Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock worth $31,678,000 after purchasing an additional 23,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Norwegian Cruise Line by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock worth $71,791,000 after purchasing an additional 94,178 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $19.09 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.24 and a beta of 2.62. The stock’s fifty day simple moving average is $24.84 and its 200 day simple moving average is $24.26. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $29.29.

Analyst Ratings Changes

Several brokerages recently issued reports on NCLH. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Citigroup raised their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research report on Thursday, January 23rd. Truist Financial raised their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Macquarie raised their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

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.