Balboa Wealth Partners Purchases Shares of 8,134 Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Balboa Wealth Partners purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,134 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently bought and sold shares of NCLH. Two Sigma Advisers LP grew its stake in Norwegian Cruise Line by 864.9% in the third quarter. Two Sigma Advisers LP now owns 3,864,600 shares of the company’s stock valued at $79,263,000 after purchasing an additional 3,464,100 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $52,660,000. Wedge Capital Management L L P NC acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $43,956,000. Jupiter Asset Management Ltd. lifted its position in shares of Norwegian Cruise Line by 365.5% in the fourth quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after buying an additional 1,702,748 shares during the last quarter. Finally, ING Groep NV lifted its position in shares of Norwegian Cruise Line by 1,340.3% in the third quarter. ING Groep NV now owns 831,505 shares of the company’s stock valued at $17,054,000 after buying an additional 773,772 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $19.21 on Friday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The stock has a market capitalization of $8.45 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The stock has a fifty day moving average of $25.08 and a 200-day moving average of $24.15.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NCLH. Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research report on Tuesday. Loop Capital began coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective for the company. The Goldman Sachs Group set a $34.00 price objective on Norwegian Cruise Line in a research report on Thursday, January 23rd. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line 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.