Trustmark National Bank Trust Department Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Trustmark National Bank Trust Department acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 47,898 shares of the company's stock, valued at approximately $1,232,000.

Several other institutional investors and hedge funds also recently bought and sold shares of NCLH. Vanguard Group Inc. raised its stake in shares of Norwegian Cruise Line by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 53,307,282 shares of the company's stock worth $1,371,596,000 after purchasing an additional 277,360 shares in the last quarter. Geode Capital Management LLC increased its holdings in Norwegian Cruise Line by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 10,793,268 shares of the company's stock worth $277,399,000 after buying an additional 270,434 shares during the last quarter. Renaissance Technologies LLC raised its position in Norwegian Cruise Line by 113.1% during the fourth quarter. Renaissance Technologies LLC now owns 5,577,231 shares of the company's stock valued at $143,502,000 after acquiring an additional 2,959,631 shares in the last quarter. Norges Bank bought a new stake in Norwegian Cruise Line in the fourth quarter worth approximately $113,156,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after purchasing an additional 47,507 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NCLH. 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 target for the company. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Macquarie upped their price target 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. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, Tigress Financial reaffirmed a "strong-buy" rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, March 11th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.28.

Norwegian Cruise Line Stock Up 1.8 %

Shares of NYSE:NCLH traded up $0.30 during midday trading on Friday, reaching $16.39. The company had a trading volume of 9,746,753 shares, compared to its average volume of 12,711,481. The business's 50 day moving average price is $20.32 and its 200 day moving average price is $23.93. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The stock has a market cap of $7.21 billion, a PE ratio of 15.03, a P/E/G ratio of 0.24 and a beta of 2.27.

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.