American International Group Inc. Trims Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

American International Group Inc. reduced its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,905 shares of the company’s stock after selling 3,429 shares during the period. American International Group Inc.’s holdings in Norwegian Cruise Line were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NCLH. Canada Pension Plan Investment Board grew its position in shares of Norwegian Cruise Line by 46.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 102,051 shares of the company’s stock valued at $5,540,000 after acquiring an additional 32,600 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Norwegian Cruise Line by 14.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 414,710 shares of the company’s stock valued at $22,515,000 after acquiring an additional 53,621 shares during the period. State of Wisconsin Investment Board grew its position in shares of Norwegian Cruise Line by 31.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 137,701 shares of the company’s stock valued at $7,476,000 after acquiring an additional 32,950 shares during the period. Alps Advisors Inc. grew its position in shares of Norwegian Cruise Line by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,396 shares of the company’s stock valued at $510,000 after acquiring an additional 24 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Norwegian Cruise Line by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock valued at $38,075,000 after acquiring an additional 13,371 shares during the period. Institutional investors own 88.85% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NCLH) traded up $0.56 during trading hours on Thursday, reaching $56.16. 2,114,339 shares of the company were exchanged, compared to its average volume of 1,710,000. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $44.20 and a 12 month high of $61.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. The stock has a market capitalization of $12,810.00, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

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

NCLH has been the subject of a number of recent research reports. Macquarie downgraded shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price objective for the company. in a research report on Thursday, November 30th. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Argus started coverage on shares of Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 target price for the company. Finally, Barclays upped their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $63.00.

In other news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was 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. Company insiders own 0.98% of the company’s stock.

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Norwegian Cruise Line 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.

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

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