Geode Capital Management LLC Buys 270,434 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Geode Capital Management LLC boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,793,268 shares of the company’s stock after acquiring an additional 270,434 shares during the period. Geode Capital Management LLC’s holdings in Norwegian Cruise Line were worth $277,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hopwood Financial Services Inc. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line in the fourth quarter worth $27,000. Stonebridge Financial Group LLC purchased a new stake in Norwegian Cruise Line during the fourth quarter valued at $27,000. Rakuten Securities Inc. lifted its position in Norwegian Cruise Line by 176.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth $31,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on NCLH shares. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price on the stock. Citigroup raised their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Macquarie boosted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Finally, Bank of America cut their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Nine 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, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.28.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $15.67 on Friday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market capitalization of $6.89 billion, a PE ratio of 14.38, a P/E/G ratio of 0.24 and a beta of 2.27. The company has a 50 day moving average price of $23.01 and a 200-day moving average price of $24.31. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.50 and a fifty-two week high of $29.29.

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.