QRG Capital Management Inc. Buys 4,808 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

QRG Capital Management Inc. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 15.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,638 shares of the company’s stock after acquiring an additional 4,808 shares during the period. QRG Capital Management Inc.’s holdings in Norwegian Cruise Line were worth $943,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Norwegian Cruise Line during the fourth quarter valued at approximately $2,072,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Norwegian Cruise Line by 53.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,627 shares of the company’s stock worth $737,000 after buying an additional 9,953 shares during the period. Los Angeles Capital Management LLC acquired a new position in Norwegian Cruise Line in the 4th quarter valued at $52,660,000. Bank of New York Mellon Corp raised its holdings in Norwegian Cruise Line by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,533,849 shares of the company’s stock worth $65,196,000 after acquiring an additional 91,377 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Norwegian Cruise Line by 8,436.2% during the 4th quarter. First Horizon Advisors Inc. now owns 4,012 shares of the company’s stock worth $103,000 after acquiring an additional 3,965 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Norwegian Cruise Line Stock Down 3.3 %

NYSE NCLH opened at $21.97 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 0.24 and a beta of 2.64. The stock’s 50 day moving average is $26.22 and its two-hundred day moving average is $24.07. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Analyst Ratings Changes

Several brokerages have recently issued reports on NCLH. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Tigress Financial raised their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a report on Monday, November 11th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Finally, UBS Group upped their target price on shares of Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.31.

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.