Great Lakes Advisors LLC increased its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 82.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,915 shares of the company’s stock after buying an additional 33,961 shares during the period. Great Lakes Advisors LLC’s holdings in Norwegian Cruise Line Holdings were worth $4,067,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $116,000. Acadian Asset Management LLC bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $146,000. Ameritas Investment Partners Inc. bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $203,000. Nomura Holdings Inc. bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $204,000. Finally, Teza Capital Management LLC bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $215,000. 85.69% of the stock is owned by institutional investors.
Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at 57.72 on Friday. The stock has a 50 day moving average of $55.95 and a 200 day moving average of $52.36. The firm has a market cap of $13.17 billion, a PE ratio of 19.51 and a beta of 1.16. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $34.16 and a 12-month high of $61.48.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $4.00 EPS for the current fiscal year.
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A number of equities analysts have weighed in on the stock. Barclays PLC boosted their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Wedbush reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Buckingham Research boosted their target price on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Nomura boosted their target price on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.94.
In other news, EVP Harry Sommer sold 11,807 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the transaction, the executive vice president now directly owns 42,195 shares in the company, valued at $2,465,031.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,651,807 shares of company stock valued at $308,444,915. 0.98% of the stock is owned by corporate 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.
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