Envestnet Portfolio Solutions Inc. Takes Position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,183 shares of the company’s stock, valued at approximately $905,000.

Several other institutional investors have also made changes to their positions in the business. Natixis Advisors LLC grew its position in Norwegian Cruise Line by 152.8% in the third quarter. Natixis Advisors LLC now owns 125,195 shares of the company’s stock valued at $2,568,000 after acquiring an additional 75,678 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after purchasing an additional 509 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Norwegian Cruise Line by 2.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 98,802 shares of the company’s stock worth $2,026,000 after purchasing an additional 2,063 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 34.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock valued at $35,000 after purchasing an additional 429 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Norwegian Cruise Line by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,500,309 shares of the company’s stock valued at $71,791,000 after buying an additional 94,178 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NCLH. Morgan Stanley raised shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $27.00 to $22.00 in a report on Friday. Truist Financial raised their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. The Goldman Sachs Group set a $34.00 target price on Norwegian Cruise Line in a research note on Thursday, January 23rd. Finally, Barclays raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $28.00 to $32.00 in a report on Friday, December 13th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.94.

Norwegian Cruise Line Trading Up 1.8 %

NCLH opened at $20.44 on Monday. The firm has a 50 day simple moving average of $24.49 and a 200 day simple moving average of $24.32. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $14.69 and a fifty-two week high of $29.29. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17.

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.