Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Shares Purchased by Millennium Management LLC

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Millennium Management LLC raised its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 72.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 390,581 shares of the company’s stock after purchasing an additional 164,337 shares during the quarter. Millennium Management LLC’s holdings in Norwegian Cruise Line were worth $20,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System raised its holdings in shares of Norwegian Cruise Line by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 51,800 shares of the company’s stock valued at $2,682,000 after buying an additional 200 shares during the period. Bank of Nova Scotia lifted its stake in Norwegian Cruise Line by 0.6% during the 2nd quarter. Bank of Nova Scotia now owns 48,146 shares of the company’s stock worth $2,583,000 after acquiring an additional 306 shares in the last quarter. Motco boosted its holdings in Norwegian Cruise Line by 168.8% during the 3rd quarter. Motco now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 314 shares during the period. Seeyond boosted its holdings in Norwegian Cruise Line by 2.1% during the 2nd quarter. Seeyond now owns 17,198 shares of the company’s stock valued at $922,000 after acquiring an additional 349 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Norwegian Cruise Line by 4.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,500 shares of the company’s stock valued at $544,000 after acquiring an additional 400 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.

Norwegian Cruise Line stock opened at $52.86 on Wednesday. The stock’s fifty day moving average is $52.09 and its two-hundred day moving average is $51.67. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $39.36 and a 1-year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.08. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year.

In related news, CEO Rio Frank J. Del sold 2,456 shares of Norwegian Cruise Line stock in a transaction on Friday, October 18th. The shares were sold at an average price of $50.23, for a total transaction of $123,364.88. Following the sale, the chief executive officer now directly owns 404,094 shares in the company, valued at approximately $20,297,641.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rio Frank J. Del sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $53.39, for a total transaction of $213,560.00. In the last 90 days, insiders have sold 257,364 shares of company stock valued at $13,753,202. 0.98% of the stock is owned by company insiders.

Several analysts have recently issued reports on NCLH shares. Nomura reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 10th. Citigroup raised their price objective on shares of Norwegian Cruise Line from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Stifel Nicolaus set a $65.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 3rd. Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Monday. Finally, SunTrust Banks increased their target price on shares of Norwegian Cruise Line from $71.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $64.81.

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.

Read More: Example of operating income, EBIT and EBITDA

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

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