Geode Capital Management LLC Acquires 270,434 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Geode Capital Management LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,793,268 shares of the company’s stock after acquiring an additional 270,434 shares during the period. Geode Capital Management LLC owned approximately 2.45% of Norwegian Cruise Line worth $277,399,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Norwegian Cruise Line in the 4th quarter valued at $113,156,000. Arrowstreet Capital Limited Partnership raised its position in shares of Norwegian Cruise Line by 2,064.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock worth $56,992,000 after buying an additional 2,112,667 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Norwegian Cruise Line during the fourth quarter valued at $52,660,000. Wedge Capital Management L L P NC purchased a new position in Norwegian Cruise Line during the fourth quarter worth about $43,956,000. Finally, Jupiter Asset Management Ltd. increased its stake in Norwegian Cruise Line by 365.5% in the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock worth $55,800,000 after acquiring an additional 1,702,748 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Down 3.9 %

NCLH stock opened at $15.67 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.24 and a beta of 2.27. 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 business’s 50-day moving average is $23.01 and its two-hundred day moving average is $24.31. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.50 and a fifty-two week high of $29.29.

Analysts Set New Price Targets

NCLH has been the subject of a number of research analyst reports. Tigress Financial reiterated a “strong-buy” rating and set a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Macquarie lifted their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Loop Capital began coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective on the stock. Bank of America lowered their price objective on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.28.

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.