Envestnet Asset Management Inc. Increases Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Envestnet Asset Management Inc. grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 546.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,905 shares of the company's stock after buying an additional 466,544 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Norwegian Cruise Line worth $14,201,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $113,156,000. Arrowstreet Capital Limited Partnership lifted its stake in Norwegian Cruise Line by 2,064.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company's stock worth $56,992,000 after purchasing an additional 2,112,667 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at about $52,660,000. Wedge Capital Management L L P NC bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at about $43,956,000. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company's stock worth $55,800,000 after buying an additional 1,702,748 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Up 3.6 %

Shares of NCLH stock traded up $0.58 during trading hours on Tuesday, hitting $16.63. 10,632,693 shares of the company's stock traded hands, compared to its average volume of 12,733,114. 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's fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $23.91. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $29.29. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.24 and a beta of 2.27.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NCLH shares. Citigroup raised their price target on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Barclays lowered their price target on shares of Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday. Stifel Nicolaus cut their price target on shares of Norwegian Cruise Line from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. raised 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. Finally, Bank of America cut their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.72.

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.