Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,200 shares of the company's stock after buying an additional 17,600 shares during the period. Canada Pension Plan Investment Board's holdings in Norwegian Cruise Line were worth $957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC lifted its holdings in shares of Norwegian Cruise Line by 7.1% during the 3rd quarter. Tidal Investments LLC now owns 28,425 shares of the company's stock worth $583,000 after acquiring an additional 1,890 shares during the period. Synovus Financial Corp boosted its holdings in shares of Norwegian Cruise Line by 7.4% in the 3rd quarter. Synovus Financial Corp now owns 88,208 shares of the company's stock valued at $1,809,000 after purchasing an additional 6,072 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of Norwegian Cruise Line by 0.9% during the 3rd quarter. Retirement Systems of Alabama now owns 95,480 shares of the company's stock worth $1,958,000 after buying an additional 841 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Norwegian Cruise Line by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock worth $10,544,000 after buying an additional 30,182 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Norwegian Cruise Line by 17.0% in the 4th quarter. GAMMA Investing LLC now owns 14,268 shares of the company's stock worth $367,000 after buying an additional 2,075 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH traded down $1.33 during midday trading on Wednesday, hitting $16.05. The company's stock had a trading volume of 32,969,439 shares, compared to its average volume of 12,886,780. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.21 and a 1-year high of $29.29. The firm's fifty day moving average price is $18.84 and its 200-day moving average price is $23.68. The firm has a market cap of $7.06 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.24 and a beta of 2.27.

Analysts Set New Price Targets

Several brokerages have commented on NCLH. Bank of America dropped their price target on 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. Barclays reduced their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective for the company in a research note on Monday, March 17th. Northcoast Research initiated coverage on shares of Norwegian Cruise Line in a research note on Friday, April 25th. They issued a "buy" rating and a $21.00 target price on the stock. Finally, Melius Research raised shares of Norwegian Cruise Line to a "strong-buy" rating in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.63.

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.