State Treasurer State of Michigan Buys New Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)

State Treasurer State of Michigan bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 52,200 shares of the company’s stock, valued at approximately $2,780,000.

Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Norwegian Cruise Line by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 8,232,552 shares of the company’s stock worth $444,968,000 after buying an additional 822,804 shares during the period. DSM Capital Partners LLC grew its position in shares of Norwegian Cruise Line by 106.1% during the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after buying an additional 1,848,761 shares during the period. State Street Corp grew its position in shares of Norwegian Cruise Line by 1.2% in the 2nd quarter. State Street Corp now owns 2,950,384 shares of the company’s stock valued at $160,177,000 after purchasing an additional 35,511 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Norwegian Cruise Line by 11.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,670,028 shares of the company’s stock valued at $144,307,000 after purchasing an additional 269,534 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Norwegian Cruise Line by 1.1% in the 4th quarter. Jennison Associates LLC now owns 1,709,286 shares of the company’s stock valued at $91,019,000 after purchasing an additional 19,262 shares during the period. Institutional investors own 88.85% of the company’s stock.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at $56.21 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $46.96 and a 12-month high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market capitalization of $12,890.00, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17.

NCLH has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective (down from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Argus initiated coverage on Norwegian Cruise Line in a research report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price objective for the company. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price objective on Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, Barclays boosted their price objective on Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $63.38.

COPYRIGHT VIOLATION NOTICE: “State Treasurer State of Michigan Buys New Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/11/state-treasurer-state-of-michigan-buys-new-stake-in-norwegian-cruise-line-holdings-ltd-nclh.html.

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.

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply