NEOS Investment Management LLC Boosts Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

NEOS Investment Management LLC boosted its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 29.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,083 shares of the company’s stock after purchasing an additional 6,223 shares during the period. NEOS Investment Management LLC’s holdings in Norwegian Cruise Line were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NCLH. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line during the 4th quarter valued at $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $27,000. Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock worth $30,000 after acquiring an additional 739 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $31,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NCLH. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Citigroup increased their price target on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $28.00 to $32.00 in a research note on Friday, December 13th. The Goldman Sachs Group set a $34.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Macquarie boosted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus price target of $28.47.

Norwegian Cruise Line Price Performance

Shares of Norwegian Cruise Line stock opened at $19.17 on Monday. The firm has a market capitalization of $8.43 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.69 and a 12 month high of $29.29. The business’s 50-day moving average price is $23.88 and its 200-day moving average price is $24.40.

Norwegian Cruise Line 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.