Sumitomo Mitsui DS Asset Management Company Ltd Purchases New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,697 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC grew its position in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares during the period. Louisiana State Employees Retirement System grew its position in Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock worth $509,000 after purchasing an additional 500 shares during the period. Thrivent Financial for Lutherans grew its position in Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares during the period. Mount Lucas Management LP grew its position in Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after purchasing an additional 516 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after purchasing an additional 521 shares during the period. Institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Macquarie reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Bank of America boosted their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Morgan Stanley boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Finally, UBS Group boosted their price objective on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.06.

Norwegian Cruise Line Stock Up 0.2 %

NCLH opened at $26.23 on Thursday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The firm’s fifty day moving average is $26.63 and its 200 day moving average is $23.19. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.

Norwegian Cruise Line 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.