HighTower Advisors LLC Has $2.19 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

HighTower Advisors LLC trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,163 shares of the company’s stock after selling 1,381 shares during the period. HighTower Advisors LLC’s holdings in Norwegian Cruise Line were worth $2,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Glaxis Capital Management LLC acquired a new stake in Norwegian Cruise Line during the 4th quarter valued at $257,000. Wealthfront Advisers LLC boosted its position in Norwegian Cruise Line by 21.8% in the 4th quarter. Wealthfront Advisers LLC now owns 13,900 shares of the company’s stock valued at $358,000 after buying an additional 2,485 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in Norwegian Cruise Line in the 4th quarter valued at $1,286,000. Daiwa Securities Group Inc. boosted its position in Norwegian Cruise Line by 122.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 141,232 shares of the company’s stock valued at $3,634,000 after buying an additional 77,633 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Norwegian Cruise Line by 19.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,834 shares of the company’s stock valued at $3,006,000 after buying an additional 19,413 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on NCLH. 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 on the stock. Bank of America decreased their price objective on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.94.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $20.44 on Friday. The company has a market capitalization of $8.99 billion, a PE ratio of 18.76, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock’s fifty day simple moving average is $24.49 and its 200 day simple moving average is $24.27.

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.