Bristol John W & Co. Inc. NY cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 947,793 shares of the company’s stock after selling 15,913 shares during the quarter. Bristol John W & Co. Inc. NY owned about 0.42% of Norwegian Cruise Line worth $50,205,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new position in Norwegian Cruise Line during the first quarter worth $1,160,000. Quadrature Capital Ltd acquired a new position in Norwegian Cruise Line during the first quarter worth $1,581,000. GSA Capital Partners LLP raised its stake in Norwegian Cruise Line by 809.1% during the first quarter. GSA Capital Partners LLP now owns 151,946 shares of the company’s stock worth $8,049,000 after acquiring an additional 135,232 shares in the last quarter. Symphony Asset Management LLC raised its stake in Norwegian Cruise Line by 23.1% during the first quarter. Symphony Asset Management LLC now owns 10,605 shares of the company’s stock worth $561,000 after acquiring an additional 1,987 shares in the last quarter. Finally, Deltec Asset Management LLC acquired a new position in Norwegian Cruise Line during the first quarter worth $1,100,000. Institutional investors own 88.85% of the company’s stock.
Several research analysts have issued reports on the company. BidaskClub lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Deutsche Bank increased their target price on Norwegian Cruise Line from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, April 25th. Bank of America set a $72.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Monday, May 28th. Finally, Morgan Stanley decreased their target price on Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Norwegian Cruise Line currently has an average rating of “Buy” and an average price target of $64.93.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. Norwegian Cruise Line’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
In other news, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $54.34, for a total transaction of $167,204.18. Following the sale, the chief executive officer now owns 372,831 shares of the company’s stock, valued at $20,259,636.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.
About Norwegian Cruise Line
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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