Kestra Investment Management LLC Takes $27,000 Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Kestra Investment Management LLC acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, Holdings Channel reports. The firm acquired 1,054 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds have also recently made changes to their positions in NCLH. Prestige Wealth Management Group LLC raised its holdings in Norwegian Cruise Line by 192.3% in the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock worth $25,000 after purchasing an additional 800 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $27,000. R Squared Ltd purchased a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $31,000. Venturi Wealth Management LLC raised its stake in shares of Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock worth $32,000 after acquiring an additional 880 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in Norwegian Cruise Line by 34.1% during the third quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after acquiring an additional 429 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Stock Performance

NYSE:NCLH opened at $24.09 on Friday. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 0.24 and a beta of 2.64. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a fifty day simple moving average of $26.49 and a two-hundred day simple moving average of $23.66.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Bank of America upped their target price on Norwegian Cruise Line from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Wells Fargo & Company increased their price target on Norwegian Cruise Line from $21.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Macquarie restated an “outperform” rating and set a $30.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 17th. Finally, The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Norwegian Cruise Line has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Norwegian Cruise Line Company 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.