Raymond James Financial Inc. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Raymond James Financial Inc. acquired a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, Holdings Channel.com reports. The fund acquired 740,912 shares of the company’s stock, valued at approximately $19,064,000.

Several other large investors also recently modified their holdings of NCLH. Principal Financial Group Inc. raised its position in shares of Norwegian Cruise Line by 6.2% in the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after purchasing an additional 30,182 shares during the period. Atria Investments Inc increased its position in Norwegian Cruise Line by 15.2% during the third quarter. Atria Investments Inc now owns 22,113 shares of the company’s stock worth $454,000 after acquiring an additional 2,910 shares during the period. GSA Capital Partners LLP increased its position in Norwegian Cruise Line by 72.5% during the third quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock worth $383,000 after acquiring an additional 7,846 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Norwegian Cruise Line by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after acquiring an additional 521 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in Norwegian Cruise Line during the third quarter worth about $212,000. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Up 3.7 %

NYSE:NCLH opened at $19.21 on Monday. The firm’s 50 day simple moving average is $25.08 and its 200 day simple moving average is $24.24. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29. The company has a market cap of $8.45 billion, a PE ratio of 17.62, a P/E/G ratio of 0.24 and a beta of 2.62.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Macquarie raised their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Wells Fargo & Company raised their target price on shares of Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Citigroup raised their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. Tigress Financial reissued a “strong-buy” rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Finally, Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $28.00 to $32.00 in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Moderate Buy” and a consensus price target of $29.19.

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.