Highbridge Capital Management LLC Invests $7.53 Million in Norwegian Cruise Line Holdings Ltd. (NCLH)

Highbridge Capital Management LLC purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 139,220 shares of the company’s stock, valued at approximately $7,525,000. Highbridge Capital Management LLC owned approximately 0.06% of Norwegian Cruise Line as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Aperio Group LLC boosted its holdings in Norwegian Cruise Line by 11.0% in the second quarter. Aperio Group LLC now owns 16,946 shares of the company’s stock worth $920,000 after purchasing an additional 1,675 shares in the last quarter. US Bancorp DE boosted its holdings in Norwegian Cruise Line by 82.7% in the second quarter. US Bancorp DE now owns 9,174 shares of the company’s stock worth $498,000 after purchasing an additional 4,153 shares in the last quarter. Sei Investments Co. boosted its holdings in Norwegian Cruise Line by 66.2% in the second quarter. Sei Investments Co. now owns 118,813 shares of the company’s stock worth $6,449,000 after purchasing an additional 47,334 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Norwegian Cruise Line by 46.9% in the second quarter. Canada Pension Plan Investment Board now owns 102,051 shares of the company’s stock worth $5,540,000 after purchasing an additional 32,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Norwegian Cruise Line by 14.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 414,710 shares of the company’s stock worth $22,515,000 after purchasing an additional 53,621 shares in the last quarter. Institutional investors and hedge funds own 89.02% of the company’s stock.

NCLH has been the subject of a number of recent research reports. Goldman Sachs Group reiterated a “neutral” rating and issued a $64.00 price objective (up from $60.00) on shares of Norwegian Cruise Line in a report on Tuesday, August 15th. Zacks Investment Research cut shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price objective on shares of Norwegian Cruise Line in a report on Thursday, October 12th. Argus initiated coverage on shares of Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.07.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) opened at $54.72 on Tuesday. 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 fifty-two week low of $42.04 and a fifty-two week high of $61.48. The stock has a market cap of $12,572.37, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current fiscal year.

In other news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

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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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