Penserra Capital Management LLC Purchases New Holdings in Norwegian Cruise Line Holdings Ltd. $NCLH

Penserra Capital Management LLC acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 26,201 shares of the company’s stock, valued at approximately $645,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Norwegian Cruise Line in the second quarter worth approximately $26,000. Sentry Investment Management LLC purchased a new position in Norwegian Cruise Line in the 2nd quarter valued at $31,000. Laurel Wealth Advisors LLC boosted its stake in Norwegian Cruise Line by 1,928.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company’s stock worth $41,000 after purchasing an additional 1,928 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Norwegian Cruise Line by 133.3% during the second quarter. Hantz Financial Services Inc. now owns 2,284 shares of the company’s stock worth $46,000 after buying an additional 1,305 shares in the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of Norwegian Cruise Line by 81.9% in the third quarter. Westside Investment Management Inc. now owns 2,004 shares of the company’s stock valued at $49,000 after buying an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NCLH shares. Morgan Stanley lowered their price target on shares of Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Mizuho raised their target price on shares of Norwegian Cruise Line from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. dropped their price target on Norwegian Cruise Line from $40.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Zacks Research downgraded Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Barclays lowered their price objective on Norwegian Cruise Line from $28.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.05.

Norwegian Cruise Line Stock Performance

Shares of Norwegian Cruise Line stock opened at $23.31 on Friday. The firm has a market cap of $10.61 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 0.58 and a beta of 2.06. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 6.22. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.21 and a 52 week high of $28.91. The business’s fifty day simple moving average is $21.84 and its 200-day simple moving average is $22.67.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.