Pictet Asset Management Holding SA Has $2.64 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Pictet Asset Management Holding SA lessened its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,392 shares of the company’s stock after selling 891 shares during the period. Pictet Asset Management Holding SA’s holdings in Norwegian Cruise Line were worth $2,635,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in Norwegian Cruise Line by 12.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock valued at $180,000 after acquiring an additional 760 shares during the period. Norges Bank acquired a new position in shares of Norwegian Cruise Line in the fourth quarter valued at $113,156,000. Blair William & Co. IL bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at about $243,000. NEOS Investment Management LLC lifted its stake in shares of Norwegian Cruise Line by 29.8% during the 4th quarter. NEOS Investment Management LLC now owns 27,083 shares of the company’s stock worth $697,000 after buying an additional 6,223 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its holdings in shares of Norwegian Cruise Line by 63.7% during the 4th quarter. WINTON GROUP Ltd now owns 49,789 shares of the company’s stock worth $1,281,000 after buying an additional 19,372 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on NCLH shares. Macquarie raised their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Citigroup upped their price objective on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a report on Friday, February 28th. BNP Paribas began coverage on Norwegian Cruise Line in a report on Thursday, March 27th. They set a “neutral” rating and a $21.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of Norwegian Cruise Line in a research report on Monday, March 31st. They issued a “buy” rating and a $25.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Norwegian Cruise Line presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.28.

Norwegian Cruise Line Stock Performance

Norwegian Cruise Line stock opened at $15.67 on Friday. 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 stock has a market cap of $6.89 billion, a PE ratio of 14.38, a P/E/G ratio of 0.24 and a beta of 2.27. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.50 and a 12-month high of $29.29. The business’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $24.28.

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.