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

Castellan Group purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 316,411 shares of the company’s stock, valued at approximately $8,141,000. Norwegian Cruise Line comprises approximately 3.5% of Castellan Group’s holdings, making the stock its 5th largest position. Castellan Group owned about 0.07% of Norwegian Cruise Line as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Prestige Wealth Management Group LLC lifted its stake in shares of Norwegian Cruise Line by 192.3% in the 3rd 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 acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of Norwegian Cruise Line in the 4th quarter valued at about $31,000. Avior Wealth Management LLC lifted its stake in shares of Norwegian Cruise Line by 34.1% in the 3rd 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. lifted its stake in shares of Norwegian Cruise Line by 489.8% in the 3rd 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. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $32.00 in a research note on Friday, December 13th. Bank of America upped their price target on Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Macquarie reaffirmed an “outperform” rating and set a $30.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.06.

Norwegian Cruise Line Stock Performance

NCLH stock opened at $26.23 on Thursday. The firm has a market cap of $11.53 billion, a PE ratio of 24.06, a P/E/G ratio of 0.26 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The business has a 50 day moving average of $26.60 and a 200-day moving average of $23.22. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.69 and a 12-month 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.