Wealthfront Advisers LLC Purchases 2,485 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wealthfront Advisers LLC boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,900 shares of the company’s stock after purchasing an additional 2,485 shares during the period. Wealthfront Advisers LLC’s holdings in Norwegian Cruise Line were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NCLH. Prestige Wealth Management Group LLC raised its stake in shares of Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $31,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Norwegian Cruise Line by 238.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after acquiring an additional 880 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $19.21 on Monday. The firm’s fifty day simple moving average is $25.08 and its two-hundred day simple moving average is $24.24. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month high of $29.29. The firm has a market capitalization of $8.45 billion, a P/E ratio of 17.62, a P/E/G ratio of 0.24 and a beta of 2.62.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NCLH shares. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Citigroup lifted their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Bank of America decreased their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, January 23rd. Finally, Macquarie lifted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

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.