Proficio Capital Partners LLC Purchases New Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Proficio Capital Partners LLC purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 80,535 shares of the company’s stock, valued at approximately $2,072,000.

A number of other hedge funds have also recently added to or reduced their stakes in NCLH. Apollon Wealth Management LLC bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $272,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $654,000. Zacks Investment Management acquired a new position in Norwegian Cruise Line during the third quarter worth $3,821,000. Hodges Capital Management Inc. grew its holdings in shares of Norwegian Cruise Line by 1.5% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. boosted its position in Norwegian Cruise Line by 2.8% in the third 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 in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the topic of a number of research analyst reports. Tigress Financial restated a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Macquarie increased their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Citigroup boosted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Loop Capital initiated coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Price Performance

NCLH stock opened at $19.85 on Thursday. The stock has a 50-day moving average price of $24.72 and a two-hundred day moving average price of $24.23. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29. The stock has a market cap of $8.73 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

About Norwegian Cruise Line

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.