300,356 Shares in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Bought by Scalar Gauge Management LLC

Scalar Gauge Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 300,356 shares of the company’s stock, valued at approximately $7,728,000. Norwegian Cruise Line makes up 3.6% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 13th largest holding. Scalar Gauge Management LLC owned about 0.07% of Norwegian Cruise Line at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NCLH. Alliancebernstein L.P. grew its stake in shares of Norwegian Cruise Line by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 501,564 shares of the company’s stock valued at $12,905,000 after acquiring an additional 22,734 shares during the period. Wellington Management Group LLP increased its stake in shares of Norwegian Cruise Line by 211.1% in the fourth quarter. Wellington Management Group LLP now owns 831,820 shares of the company’s stock worth $21,403,000 after purchasing an additional 564,423 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Norwegian Cruise Line by 97.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 30,617 shares of the company’s stock worth $788,000 after purchasing an additional 15,097 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Norwegian Cruise Line by 2,064.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,214,989 shares of the company’s stock valued at $56,992,000 after purchasing an additional 2,112,667 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Norwegian Cruise Line by 12.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock valued at $180,000 after buying an additional 760 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $19.17 on Monday. The firm has a market capitalization of $8.43 billion, a PE ratio of 17.58, a PEG ratio of 0.24 and a beta of 2.62. The stock’s fifty day moving average is $23.88 and its 200 day moving average is $24.40. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America decreased their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. BNP Paribas started coverage on Norwegian Cruise Line in a research note on Thursday. They issued a “neutral” rating and a $21.00 price target for the company. Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Finally, Macquarie upped their target price 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. Nine investment analysts have rated the stock with a hold rating, nine 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $28.47.

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.