Optimize Financial Inc Purchases New Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Optimize Financial Inc bought a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,953 shares of the company’s stock, valued at approximately $771,000.

A number of other large investors have also added to or reduced their stakes in NCLH. Hopwood Financial Services Inc. bought a new stake in Norwegian Cruise Line in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in Norwegian Cruise Line during the 4th quarter valued at about $27,000. Rakuten Securities Inc. boosted its holdings in shares of Norwegian Cruise Line by 176.0% in the fourth 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. Finally, R Squared Ltd purchased a new position in Norwegian Cruise Line during the 4th quarter valued at about $31,000. Institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

Shares of NYSE:NCLH opened at $16.33 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.21 and a one year high of $29.29. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 0.24 and a beta of 2.27. The company has a 50-day simple moving average of $21.42 and a 200-day simple moving average of $24.10. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Bank of America lowered their price objective on shares of 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. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $32.00 in a report on Friday, December 13th. JPMorgan Chase & Co. raised Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, March 17th. Jefferies Financial Group assumed coverage on Norwegian Cruise Line in a research report on Monday, March 31st. They issued a “buy” rating and a $25.00 price target for the company. Finally, BNP Paribas initiated coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They set a “neutral” rating and a $21.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Norwegian Cruise Line has a consensus rating of “Moderate Buy” and an average target price of $28.22.

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.