Principal Financial Group Inc. Raises Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Principal Financial Group Inc. boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,630 shares of the company’s stock after buying an additional 289,543 shares during the period. Principal Financial Group Inc. owned 0.18% of Norwegian Cruise Line worth $20,677,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC grew its position in shares of Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the 4th quarter worth $27,000. R Squared Ltd acquired a new position in shares of Norwegian Cruise Line during the 4th quarter valued at about $31,000. Avior Wealth Management LLC grew its holdings in shares of Norwegian Cruise Line by 34.1% in the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Finally, Blue Trust Inc. increased its position in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Macquarie reiterated an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a report on Friday, January 17th. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective for the company. UBS Group lifted their target price on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Finally, Bank of America raised their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Norwegian Cruise Line Price Performance

Shares of NCLH opened at $24.86 on Tuesday. The company has a market cap of $10.93 billion, a P/E ratio of 22.81, a PEG ratio of 0.24 and a beta of 2.64. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. 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 firm’s 50 day moving average price is $26.46 and its 200 day moving average price is $23.79.

Norwegian Cruise Line Company 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.