Quantbot Technologies LP Purchases Shares of 33,408 Norwegian Cruise Line Holdings Ltd. (NCLH)

Quantbot Technologies LP purchased a new stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,408 shares of the company’s stock, valued at approximately $1,805,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss National Bank boosted its holdings in shares of Norwegian Cruise Line Holdings by 2.9% in the second quarter. Swiss National Bank now owns 579,700 shares of the company’s stock valued at $31,472,000 after purchasing an additional 16,200 shares during the period. Morgan Stanley raised its stake in Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock worth $12,753,000 after buying an additional 113,323 shares in the last quarter. Impala Asset Management LLC bought a new position in Norwegian Cruise Line Holdings in the second quarter worth approximately $23,418,000. Honeywell International Inc. raised its stake in Norwegian Cruise Line Holdings by 246.8% in the third quarter. Honeywell International Inc. now owns 513,200 shares of the company’s stock worth $27,738,000 after buying an additional 365,200 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Norwegian Cruise Line Holdings by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock worth $38,075,000 after buying an additional 13,371 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

In related news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $54.84 on Friday. The stock has a market capitalization of $12,528.97, a price-to-earnings ratio of 15.02, a PEG ratio of 0.58 and a beta of 1.12. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $38.66 and a 12-month high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 earnings per share. equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.69 EPS for the current year.

A number of equities analysts recently commented on NCLH shares. Bank of America Corporation started coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 price objective for the company. Nomura boosted their price objective 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. Buckingham Research boosted their price objective 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. Deutsche Bank AG boosted their price objective on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.80.

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About Norwegian Cruise Line Holdings

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.

Institutional Ownership by Quarter for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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