NGAM Advisors L.P. Increases Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

NGAM Advisors L.P. increased its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 75,216 shares of the company’s stock after buying an additional 4,302 shares during the period. NGAM Advisors L.P.’s holdings in Norwegian Cruise Line Holdings were worth $4,083,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Norwegian Cruise Line Holdings by 5.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,828 shares of the company’s stock valued at $600,000 after buying an additional 635 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Norwegian Cruise Line Holdings by 23.0% in the first quarter. Russell Investments Group Ltd. now owns 186,378 shares of the company’s stock valued at $9,459,000 after buying an additional 34,851 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of Norwegian Cruise Line Holdings by 4.8% in the first quarter. Shell Asset Management Co. now owns 9,160 shares of the company’s stock valued at $465,000 after buying an additional 421 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Norwegian Cruise Line Holdings by 55.0% in the first quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the company’s stock valued at $554,000 after buying an additional 3,879 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $261,000. 86.18% of the stock is owned by institutional investors.

Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at 59.42 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a one year low of $34.16 and a one year high of $61.48. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 21.77 and a beta of 1.16. The firm has a 50-day moving average of $54.79 and a 200-day moving average of $51.28.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.85 EPS. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.89 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “[[title]]” was first posted by [[site]] and is owned by of [[site]]. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at [[permalink]].

Several analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research cut shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Berenberg Bank reissued a “buy” rating and set a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. BidaskClub cut shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Wedbush boosted their price objective on shares of Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, May 11th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.67.

In related news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $53.26, for a total transaction of $798,900.00. Following the transaction, the chief executive officer now owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by company insiders.

Norwegian Cruise Line Holdings Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Want to see what other hedge funds are holding NCLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH).