NCLH - This Institutional Investor Just Increased Its Stake in Norwegian Cruise Lines by Nearly 10%. Should You Do the Same?
2024-07-21 05:17:00 ET
Norwegian Cruise Line Holdings (NYSE: NCLH) is a company on an upswing. After surviving an extended shutdown during the COVID-19 pandemic, it began relaunching its ships in 2021, and passengers have returned over time. As a result, bookings have hit record levels, and its stock has risen.
To this end, the company has attracted increased interest from institutional investors, with GSA Capital Partners increasing its stake in the stock. However, does that mean that the average investor should follow its lead?
GSA added 1,889 shares of Norwegian in the first quarter of 2024, taking the total to 21,922 shares. Nonetheless, investors should understand that this is not a new position for the investment management company, and its trading behavior is difficult for outsiders to understand.
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This Institutional Investor Just Increased Its Stake in Norwegian Cruise Lines by Nearly 10%. Should You Do the Same?