ExodusPoint Capital Management LP Makes New Investment in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

ExodusPoint Capital Management LP purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 296,568 shares of the company’s stock, valued at approximately $7,631,000. ExodusPoint Capital Management LP owned 0.07% of Norwegian Cruise Line as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Rakuten Securities Inc. raised its stake in Norwegian Cruise Line by 176.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,159 shares of the company’s stock valued at $30,000 after purchasing an additional 739 shares during the period. Farther Finance Advisors LLC raised its position in shares of Norwegian Cruise Line by 29.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,327 shares of the company’s stock valued at $86,000 after buying an additional 754 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Norwegian Cruise Line by 12.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock worth $180,000 after buying an additional 760 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Norwegian Cruise Line by 5.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,395 shares of the company’s stock worth $396,000 after acquiring an additional 784 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Norwegian Cruise Line by 2.0% during the fourth quarter. Fifth Third Bancorp now owns 40,534 shares of the company’s stock valued at $1,043,000 after acquiring an additional 795 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on NCLH shares. Macquarie boosted their price target on shares of Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Bank of America dropped their price target on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company lifted their price objective on Norwegian Cruise Line from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Citigroup increased their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Tigress Financial restated a “strong-buy” rating and issued a $36.00 price target on shares of Norwegian Cruise Line in a research report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.28.

Norwegian Cruise Line Price Performance

Shares of NCLH stock opened at $15.67 on Friday. The company has a market capitalization of $6.89 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.24 and a beta of 2.27. The company’s 50-day simple moving average is $23.01 and its two-hundred day simple moving average is $24.28. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.50 and a one year high of $29.29. 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 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.