Principal Financial Group Inc. Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Principal Financial Group Inc. increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 56.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 803,630 shares of the company’s stock after buying an additional 289,543 shares during the period. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line were worth $20,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NCLH. Stonebridge Financial Group LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $27,000. R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $31,000. Prestige Wealth Management Group LLC raised its position in shares of Norwegian Cruise Line by 192.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after acquiring an additional 800 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after acquiring an additional 429 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after purchasing an additional 1,817 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Tigress Financial boosted their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday, November 11th. Bank of America raised 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. Finally, Macquarie reiterated an “outperform” rating and set a $30.00 target price on shares of Norwegian Cruise Line in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $24.86 on Tuesday. 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 business has a 50 day simple moving average of $26.46 and a 200-day simple moving average of $23.79. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The stock has a market capitalization of $10.93 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

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.