CIBC Asset Management Inc Has $1.61 Million Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

CIBC Asset Management Inc increased its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,437 shares of the company’s stock after buying an additional 1,450 shares during the quarter. CIBC Asset Management Inc’s holdings in Norwegian Cruise Line were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NCLH. Principal Financial Group Inc. grew its holdings in Norwegian Cruise Line by 56.3% during the 4th quarter. Principal Financial Group Inc. now owns 803,630 shares of the company’s stock worth $20,677,000 after acquiring an additional 289,543 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Norwegian Cruise Line by 2.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 164,411 shares of the company’s stock worth $4,230,000 after purchasing an additional 4,619 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Norwegian Cruise Line by 3.5% during the fourth quarter. New York State Teachers Retirement System now owns 399,079 shares of the company’s stock worth $10,268,000 after purchasing an additional 13,678 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of Norwegian Cruise Line by 24.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,705 shares of the company’s stock worth $276,000 after purchasing an additional 2,133 shares during the last quarter. Finally, Castellan Group acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at $8,141,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $24.09 on Friday. The business has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $23.60. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.25 and a beta of 2.64. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29.

Analyst Upgrades and Downgrades

Several research analysts have commented on NCLH shares. Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Mizuho raised their price target on shares of Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Argus upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Bank of America increased their price objective on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average target price of $29.06.

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.