5 Best Vacation Stocks to Buy Now

4. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)

Number of Hedge Fund Holders: 40 

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a Florida-based cruise line founded in 1966. It is ranked fourth on our list of 12 best vacation stocks to buy now. The firm owns and operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. These take vacation goers to many countries, including North America, Russia, the Mediterranean, the Greek Isles, and India, among others. The company has 28 ships that offer accommodation to more than 50,000 people. 

Norwegian Cruise Line Holdings Ltd. announced on April 28 that it was preparing to resume operations from Spain and Italy as the vaccine rollout in Europe allowed for people to travel together again. Earlier in April, the stock of the firm had rallied after investment bank Goldman Sachs pointed out many positives for the travel industry in 2021. 

At the end of the fourth quarter of 2020, 40 hedge funds in the database of Insider Monkey held stakes worth $334 million in the firm, up from 26 in the preceding quarter worth $241 million.

In the Q4 2020 investor letter, Brown Capital Management Mid Company Fund highlighted a few stocks and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of them. Here is what the fund said:

“Norwegian Cruise Line Holdings (NCLH) is a diversified operator of leading global cruise lines spanning market segments from contemporary to luxury under the Norwegian Cruise Line, Oceanic Cruises and Regent Seven Seas Cruises brands. These brands operate a combined 28 ships. Norwegian was eliminated from the portfolio, as we no longer believe it meets our definition of an Exceptional Growth Company, as discussed in our first quarter letter. There are still many unknowns as to when we will see a fully normalized operating environment with a high degree of confidence.”