Bank of New York Mellon Corp Purchases 91,377 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Bank of New York Mellon Corp boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,533,849 shares of the company’s stock after buying an additional 91,377 shares during the quarter. Bank of New York Mellon Corp owned about 0.58% of Norwegian Cruise Line worth $65,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NCLH. Apollon Wealth Management LLC bought a new stake in Norwegian Cruise Line during the fourth quarter worth approximately $272,000. Zacks Investment Management acquired a new position in Norwegian Cruise Line during the 3rd quarter worth $3,821,000. Hodges Capital Management Inc. boosted its holdings in Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after acquiring an additional 23,075 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 purchasing an additional 94,178 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Norwegian Cruise Line by 1,104.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 178,603 shares of the company’s stock valued at $3,663,000 after purchasing an additional 163,777 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $21.97 on Tuesday. The company has a 50 day moving average price of $26.22 and a 200 day moving average price of $24.07. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. 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 stock has a market capitalization of $9.66 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64.

Analyst Upgrades and Downgrades

A number of analysts have commented on NCLH shares. 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 objective for the company. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Tigress Financial increased their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Monday, November 11th. Finally, Citigroup increased their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday. One investment 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. Based on data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average target price of $29.31.

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.