OVERSEA CHINESE BANKING Corp Ltd Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, Holdings Channel reports. The fund acquired 169,527 shares of the company’s stock, valued at approximately $4,362,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NCLH. Two Sigma Advisers LP raised its position in shares of Norwegian Cruise Line by 864.9% during the 3rd quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares during the period. Los Angeles Capital Management LLC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $52,660,000. Wedge Capital Management L L P NC purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $43,956,000. Jupiter Asset Management Ltd. grew 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 acquiring an additional 1,702,748 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Norwegian Cruise Line during the fourth quarter valued at $19,064,000. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Price Performance

NCLH stock opened at $19.09 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. 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 company has a 50-day moving average price of $24.84 and a 200 day moving average price of $24.26. The stock has a market cap of $8.40 billion, a PE ratio of 17.51, a P/E/G ratio of 0.24 and a beta of 2.62.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NCLH. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Wells Fargo & Company raised 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 research note on Friday, February 28th. Macquarie raised their target price 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. Citigroup lifted 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. Finally, Bank of America dropped 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 research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.