Golden State Wealth Management LLC Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Golden State Wealth Management LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,839 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also bought and sold shares of NCLH. Avior Wealth Management LLC boosted its holdings in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Norwegian Cruise Line by 2.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after acquiring an additional 500 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Norwegian Cruise Line by 1.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock valued at $944,000 after acquiring an additional 509 shares during the period. Mount Lucas Management LP grew its holdings in shares of Norwegian Cruise Line by 2.4% in the third quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after purchasing an additional 516 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Norwegian Cruise Line by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after buying an additional 521 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NCLH shares. The Goldman Sachs Group raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $29.00 to $35.00 in a research note on Tuesday, December 10th. Loop Capital initiated coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. Macquarie reiterated an “outperform” rating and issued a $30.00 price objective on shares of Norwegian Cruise Line in a research report on Friday, January 17th. Truist Financial upped their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.06.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $26.51 on Tuesday. 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 12-month low of $14.69 and a 12-month high of $29.29. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 0.26 and a beta of 2.64. The firm has a 50 day moving average of $26.69 and a 200 day moving average of $23.08.

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.