Castellan Group Acquires Shares of 316,411 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Castellan Group acquired a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 316,411 shares of the company’s stock, valued at approximately $8,141,000. Norwegian Cruise Line accounts for approximately 3.5% of Castellan Group’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NCLH. Prestige Wealth Management Group LLC grew its holdings in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares during the period. Stonebridge Financial Group LLC bought a new position in Norwegian Cruise Line during the fourth quarter valued at $27,000. R Squared Ltd bought a new position in Norwegian Cruise Line during the fourth quarter valued at $31,000. Avior Wealth Management LLC grew its holdings in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the period. Finally, Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after purchasing an additional 1,817 shares during the period. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Trading Up 0.2 %

Shares of NCLH stock opened at $26.23 on Thursday. The business’s fifty day moving average is $26.60 and its 200 day moving average is $23.22. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $14.69 and a 52-week high of $29.29. 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 $11.53 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64.

Analysts Set New Price Targets

Several equities analysts have weighed in on NCLH shares. Deutsche Bank Aktiengesellschaft increased their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, November 1st. Mizuho increased their target price on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $32.00 in a research report on Friday, December 13th. Bank of America increased their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Truist Financial increased their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.06.

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.