Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Shares Bought by PNC Financial Services Group Inc.

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PNC Financial Services Group Inc. raised its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,690 shares of the company’s stock after acquiring an additional 1,003 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Norwegian Cruise Line were worth $978,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NCLH. Principal Financial Group Inc. increased its position in shares of Norwegian Cruise Line by 14.2% in the first quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock valued at $16,683,000 after buying an additional 39,113 shares in the last quarter. Mork Capital Management LLC increased its position in shares of Norwegian Cruise Line by 37.3% in the second quarter. Mork Capital Management LLC now owns 41,200 shares of the company’s stock valued at $1,947,000 after buying an additional 11,200 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Norwegian Cruise Line by 15.7% in the first quarter. Mason Street Advisors LLC now owns 28,721 shares of the company’s stock valued at $1,521,000 after buying an additional 3,899 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Norwegian Cruise Line by 28.9% in the second quarter. Eagle Asset Management Inc. now owns 79,910 shares of the company’s stock valued at $3,775,000 after buying an additional 17,914 shares in the last quarter. Finally, Trexquant Investment LP increased its position in shares of Norwegian Cruise Line by 4.2% in the second quarter. Trexquant Investment LP now owns 75,766 shares of the company’s stock valued at $3,580,000 after buying an additional 3,054 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

Norwegian Cruise Line stock traded up $0.08 during midday trading on Friday, reaching $50.70. 3,273,154 shares of the company were exchanged, compared to its average volume of 1,943,585. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $46.16 and a 1 year high of $61.18. 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 (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, August 9th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.18. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 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 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 EPS. As a group, equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.

A number of research analysts have recently weighed in on the company. BidaskClub cut Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. Stifel Nicolaus raised their price target on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Nomura dropped their price target on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 10th. Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Friday, September 28th. Finally, Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.91.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 10,657 shares of Norwegian Cruise Line stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $49.10, for a total value of $523,258.70. Following the completion of the sale, the chief executive officer now owns 324,286 shares in the company, valued at approximately $15,922,442.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $50.22, for a total value of $154,526.94. Following the completion of the sale, the chief executive officer now owns 331,501 shares of the company’s stock, valued at approximately $16,647,980.22. The disclosure for this sale can be found here. Insiders sold a total of 19,888 shares of company stock valued at $1,009,209 in the last 90 days. 0.98% of the stock is owned by company insiders.

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.

See Also: Cash Flow

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

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