Amundi Has $20.06 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Amundi increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 39.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 774,044 shares of the company’s stock after acquiring an additional 218,401 shares during the period. Amundi’s holdings in Norwegian Cruise Line were worth $20,063,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NCLH. Principal Financial Group Inc. increased its holdings in shares of Norwegian Cruise Line by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 514,087 shares of the company’s stock valued at $10,544,000 after acquiring an additional 30,182 shares during the last quarter. Atria Investments Inc boosted its stake in Norwegian Cruise Line by 15.2% during the 3rd quarter. Atria Investments Inc now owns 22,113 shares of the company’s stock valued at $454,000 after purchasing an additional 2,910 shares during the period. GSA Capital Partners LLP boosted its stake in Norwegian Cruise Line by 72.5% during the 3rd quarter. GSA Capital Partners LLP now owns 18,662 shares of the company’s stock valued at $383,000 after purchasing an additional 7,846 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after purchasing an additional 521 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in Norwegian Cruise Line during the 3rd quarter valued at approximately $212,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Down 2.6 %

Shares of NCLH opened at $18.52 on Friday. The stock has a fifty day moving average price of $25.20 and a two-hundred day moving average price of $24.14. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. 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 market cap of $8.15 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 0.24 and a beta of 2.62.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NCLH shares. JPMorgan Chase & Co. increased their target price on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Truist Financial increased their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Citigroup raised their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie raised their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday. One investment 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 company. According to data from MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and a consensus price target of $29.19.

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.