Arizona State Retirement System Purchases 4,065 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Arizona State Retirement System lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 127,604 shares of the company’s stock after buying an additional 4,065 shares during the quarter. Arizona State Retirement System’s holdings in Norwegian Cruise Line were worth $3,283,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in Norwegian Cruise Line during the fourth quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at approximately $27,000. R Squared Ltd bought a new position in Norwegian Cruise Line in the 4th quarter worth approximately $31,000. Prestige Wealth Management Group LLC grew its stake in Norwegian Cruise Line by 192.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Norwegian Cruise Line by 238.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,249 shares of the company’s stock valued at $32,000 after acquiring an additional 880 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

NCLH has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Norwegian Cruise Line from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Macquarie lifted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday. Tigress Financial increased their price target on shares of Norwegian Cruise Line from $32.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Monday, November 11th. Citigroup boosted their price objective on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Loop Capital initiated coverage on shares of Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.19.

Norwegian Cruise Line Trading Up 0.3 %

NCLH opened at $20.05 on Monday. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 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. The business has a 50 day simple moving average of $25.77 and a two-hundred day simple moving average of $24.19. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.24 and a beta of 2.62.

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.