Summit Trail Advisors LLC Grows Stock Holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Summit Trail Advisors LLC lifted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 28.4% during the 4th quarter, HoldingsChannel reports. The firm owned 17,284 shares of the company’s stock after purchasing an additional 3,824 shares during the quarter. Summit Trail Advisors LLC’s holdings in Norwegian Cruise Line were worth $445,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Apollon Wealth Management LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth $272,000. Golden State Wealth Management LLC acquired a new stake in shares of Norwegian Cruise Line in the 4th quarter worth $73,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Norwegian Cruise Line during the 4th quarter worth $224,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Norwegian Cruise Line by 2.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 45,634 shares of the company’s stock valued at $1,174,000 after acquiring an additional 877 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $264,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Down 1.3 %

NYSE NCLH opened at $26.16 on Wednesday. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 0.26 and a beta of 2.64. The firm has a 50 day simple moving average of $26.66 and a 200-day simple moving average of $23.14. Norwegian Cruise Line Holdings Ltd. has a one year low of $14.69 and a one year high of $29.29.

Analyst Upgrades and Downgrades

NCLH has been the topic of a number of analyst reports. StockNews.com raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Loop Capital initiated coverage on Norwegian Cruise Line in a report on Tuesday, February 4th. They issued a “hold” rating and a $26.00 price objective on the stock. Wells Fargo & Company increased their price objective on Norwegian Cruise Line from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. UBS Group upped their price target on Norwegian Cruise Line from $19.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Mizuho raised their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and a consensus target price of $29.06.

About Norwegian Cruise Line

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.