Versor Investments LP Buys New Stake in Norwegian Cruise Line Holdings Ltd. $NCLH

Versor Investments LP purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 35,600 shares of the company’s stock, valued at approximately $877,000.

Several other large investors also recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new position in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $26,000. Sentry Investment Management LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter worth about $31,000. Laurel Wealth Advisors LLC lifted its position in shares of Norwegian Cruise Line by 1,928.0% during the second 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 in the last quarter. Hantz Financial Services Inc. grew its position in shares of Norwegian Cruise Line by 133.3% during the 2nd 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 during the period. Finally, Westside Investment Management Inc. lifted its holdings in 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 period. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on NCLH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Norwegian Cruise Line in a research report on Thursday, January 22nd. The Goldman Sachs Group cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $21.00 in a research note on Tuesday, December 9th. Jefferies Financial Group lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating and cut their price target for the company from $26.00 to $20.00 in a report on Monday, December 15th. Citigroup boosted their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Susquehanna dropped their price objective on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.05.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH opened at $23.55 on Wednesday. The stock has a 50 day moving average of $22.02 and a 200-day moving average of $22.65. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $14.21 and a 12 month high of $27.41. The company has a market capitalization of $10.72 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.57 and a beta of 2.06. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 6.22.

Norwegian Cruise Line 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.