Parallel Advisors LLC lifted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Free Report) by 43.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,877 shares of the company’s stock after purchasing an additional 874 shares during the period. Parallel Advisors LLC’s holdings in Norwegian Cruise Line were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of NCLH. Public Employees Retirement System of Ohio increased its stake in shares of Norwegian Cruise Line by 48.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 230,447 shares of the company’s stock worth $5,929,000 after purchasing an additional 74,983 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $2,392,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $901,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Norwegian Cruise Line by 17.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,265 shares of the company’s stock worth $650,000 after purchasing an additional 3,844 shares in the last quarter. Finally, 111 Capital purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth about $219,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.
Norwegian Cruise Line Stock Performance
Norwegian Cruise Line stock opened at $25.03 on Friday. The firm has a 50 day simple moving average of $24.76 and a 200-day simple moving average of $20.81. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.18 and a quick ratio of 0.16. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.12 and a beta of 2.19.
Wall Street Analyst Weigh In
NCLH has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Mizuho boosted their target price on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Citigroup upped their price objective on shares of Norwegian Cruise Line from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Jefferies Financial Group upped their price objective on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Barclays upped their price objective on shares of Norwegian Cruise Line from $25.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.80.
Read Our Latest Stock Analysis on NCLH
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.
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