Penn Capital Management Company LLC trimmed its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 62.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,860 shares of the company's stock after selling 692,674 shares during the period. Penn Capital Management Company LLC owned approximately 0.10% of Norwegian Cruise Line worth $10,829,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $272,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $654,000. Jupiter Asset Management Ltd. grew its position in shares of Norwegian Cruise Line by 365.5% during 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,547,816 shares of the company's stock worth $91,285,000 after buying an additional 47,507 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $416,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on NCLH shares. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a "neutral" rating to an "overweight" rating and set a $30.00 price objective on the stock in a research report on Monday, March 17th. Loop Capital raised Norwegian Cruise Line from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a report on Monday, April 21st. Melius Research raised Norwegian Cruise Line to a "strong-buy" rating in a report on Monday, April 21st. Barclays decreased their target price on Norwegian Cruise Line from $32.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Northcoast Research assumed coverage on shares of Norwegian Cruise Line in a research note on Friday. They set a "buy" rating and a $21.00 price target on the stock. Eight research 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. According to MarketBeat.com, Norwegian Cruise Line has a consensus rating of "Moderate Buy" and an average price target of $26.63.
View Our Latest Stock Report on Norwegian Cruise Line
Norwegian Cruise Line Trading Down 1.7 %
NCLH stock traded down $0.29 on Tuesday, hitting $17.15. 9,694,843 shares of the company were exchanged, compared to its average volume of 12,778,195. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The business's fifty day moving average is $19.17 and its two-hundred day moving average is $23.78. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $14.21 and a twelve month high of $29.29. 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 Company Profile
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Free Report)
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.
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