OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 169,527 shares of the company’s stock, valued at approximately $4,362,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in Norwegian Cruise Line in the fourth quarter worth about $272,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Norwegian Cruise Line during the fourth quarter valued at approximately $654,000. Zacks Investment Management purchased a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $3,821,000. Hodges Capital Management Inc. grew its holdings in shares of Norwegian Cruise Line by 1.5% during the third quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after buying an additional 23,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Norwegian Cruise Line by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target on the stock. Bank of America cut their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Truist Financial increased their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Macquarie increased their price objective on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Finally, Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Stock Down 4.7 %

NCLH opened at $19.09 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.69 and a 1-year high of $29.29. The company has a market capitalization of $8.40 billion, a PE ratio of 17.51, a PEG ratio of 0.24 and a beta of 2.62. The firm’s 50 day simple moving average is $24.84 and its two-hundred day simple moving average is $24.26.

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.