Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Boosted by Marshall Wace LLP

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Marshall Wace LLP lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 3,269.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 414,098 shares of the company’s stock after acquiring an additional 401,809 shares during the period. Marshall Wace LLP owned 0.19% of Norwegian Cruise Line worth $23,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NCLH. Capital World Investors boosted its stake in shares of Norwegian Cruise Line by 49.4% in the third quarter. Capital World Investors now owns 15,620,156 shares of the company’s stock worth $897,066,000 after acquiring an additional 5,168,349 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Norwegian Cruise Line by 25.3% in the second quarter. Janus Henderson Group PLC now owns 10,067,475 shares of the company’s stock worth $475,688,000 after acquiring an additional 2,035,157 shares during the period. FIL Ltd bought a new position in shares of Norwegian Cruise Line in the third quarter worth about $61,910,000. Bank of New York Mellon Corp boosted its stake in shares of Norwegian Cruise Line by 31.8% in the second quarter. Bank of New York Mellon Corp now owns 3,482,343 shares of the company’s stock worth $164,541,000 after acquiring an additional 840,909 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Norwegian Cruise Line by 138.3% in the second quarter. Canada Pension Plan Investment Board now owns 1,147,485 shares of the company’s stock worth $54,219,000 after buying an additional 665,975 shares in the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 15,728,782 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $50.50, for a total transaction of $794,303,491.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $51.03, for a total value of $157,019.31. Following the sale, the chief executive officer now owns 304,398 shares in the company, valued at $15,533,429.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,738,013 shares of company stock worth $794,787,349. Company insiders own 0.98% of the company’s stock.

NASDAQ:NCLH opened at $47.59 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $41.61 and a 12 month high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, November 8th. The company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.06. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company earned $1.86 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis.

A number of research firms recently commented on NCLH. BidaskClub upgraded Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 16th. Stifel Nicolaus boosted their target price on Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Nomura decreased their target price on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock 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 target price on the stock in a research report on Friday, September 28th. Finally, Citigroup decreased their target price on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Norwegian Cruise Line has a consensus rating of “Buy” and an average price target of $63.89.

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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.

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

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