Bluestein R H & Co. Takes Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Bluestein R H & Co. purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Norwegian Cruise Line by 3.5% during the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock valued at $698,352,000 after acquiring an additional 431,979 shares during the last quarter. Capital International Investors boosted its stake in shares of Norwegian Cruise Line by 2.3% during the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock valued at $566,988,000 after purchasing an additional 237,338 shares during the period. Capital World Investors boosted its stake in shares of Norwegian Cruise Line by 6.0% during the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock valued at $543,145,000 after purchasing an additional 569,196 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Norwegian Cruise Line by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock valued at $402,275,000 after purchasing an additional 7,141,190 shares during the period. Finally, DSM Capital Partners LLC lifted its stake in Norwegian Cruise Line by 106.1% in the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after acquiring an additional 1,848,761 shares during the period. Institutional investors and hedge funds own 89.02% of the company’s stock.

In other news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. 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 5,000,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $54.33 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $12,659.18, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.59 and a beta of 1.09. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $40.47 and a twelve month high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

A number of analysts recently commented on NCLH shares. Buckingham Research raised their price target on Norwegian Cruise Line from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Nomura raised their price target on Norwegian Cruise Line from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, August 10th. Argus started coverage on Norwegian Cruise Line in a research note on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price target for the company. Finally, Wedbush set a $65.00 price target on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, November 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Norwegian Cruise Line currently has an average rating of “Hold” and an average price target of $63.07.

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

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