Raymond James Financial Inc. Buys Shares of 740,912 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Raymond James Financial Inc. bought a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 740,912 shares of the company’s stock, valued at approximately $19,064,000. Raymond James Financial Inc. owned approximately 0.17% of Norwegian Cruise Line as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in Norwegian Cruise Line by 4.3% in the third quarter. State Street Corp now owns 15,241,984 shares of the company’s stock valued at $312,613,000 after purchasing an additional 621,793 shares in the last quarter. Geode Capital Management LLC increased its stake in Norwegian Cruise Line by 2.6% in the third quarter. Geode Capital Management LLC now owns 10,522,834 shares of the company’s stock valued at $215,481,000 after purchasing an additional 261,925 shares in the last quarter. Two Sigma Advisers LP increased its stake in Norwegian Cruise Line by 864.9% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Norwegian Cruise Line by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company’s stock worth $91,285,000 after acquiring an additional 47,507 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Norwegian Cruise Line by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 2,533,849 shares of the company’s stock worth $65,196,000 after acquiring an additional 91,377 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NCLH shares. Macquarie increased their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Tigress Financial reissued a “strong-buy” rating and set a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Loop Capital started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Truist Financial increased their price objective on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $19.21 on Monday. The stock has a market cap of $8.45 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.24 and a beta of 2.62. 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 company has a fifty day moving average price of $25.08 and a two-hundred day moving average price of $24.24. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29.

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.