Mirae Asset Global Investments Co. Ltd. Raises Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 34.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,319 shares of the company’s stock after acquiring an additional 11,044 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Norwegian Cruise Line were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at approximately $523,000. Exchange Traded Concepts LLC lifted its holdings in shares of Norwegian Cruise Line by 1,048.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,743 shares of the company’s stock valued at $118,000 after buying an additional 5,243 shares during the period. Creative Planning boosted its stake in shares of Norwegian Cruise Line by 2.5% in the third quarter. Creative Planning now owns 523,989 shares of the company’s stock valued at $10,747,000 after buying an additional 12,614 shares in the last quarter. NBC Securities Inc. grew its holdings in Norwegian Cruise Line by 1.5% during the third quarter. NBC Securities Inc. now owns 45,603 shares of the company’s stock worth $935,000 after acquiring an additional 678 shares during the period. Finally, nVerses Capital LLC purchased a new position in Norwegian Cruise Line in the third quarter worth $615,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 1.3 %

Shares of NCLH stock opened at $26.16 on Wednesday. The firm’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $23.14. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The firm has a market cap of $11.50 billion, a P/E ratio of 24.00, a PEG ratio of 0.26 and a beta of 2.64.

Analyst Upgrades and Downgrades

Several brokerages have commented on NCLH. Mizuho boosted their target price on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Truist Financial boosted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. UBS Group raised their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.06.

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.