Truist Financial Corp Boosts Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Truist Financial Corp lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 363.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,567 shares of the company’s stock after acquiring an additional 45,927 shares during the period. Truist Financial Corp’s holdings in Norwegian Cruise Line were worth $1,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $272,000. Zacks Investment Management purchased a new stake in Norwegian Cruise Line in the third quarter worth approximately $3,821,000. Hodges Capital Management Inc. boosted its holdings in Norwegian Cruise Line by 1.5% in the third 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. Charles Schwab Investment Management Inc. raised its stake in Norwegian Cruise Line by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Norwegian Cruise Line by 1,104.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after buying an additional 163,777 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 5.7 %

Shares of NCLH opened at $23.62 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The company has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $23.86. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a market cap of $10.39 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NCLH. Bank of America lifted their price objective on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Truist Financial upped their target price on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Argus upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.