Sei Investments Co. cut its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,322 shares of the company’s stock after selling 3,404 shares during the period. Sei Investments Co.’s holdings in Norwegian Cruise Line were worth $915,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Norwegian Cruise Line by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,861,270 shares of the company’s stock valued at $457,760,000 after purchasing an additional 3,481,322 shares in the last quarter. BlackRock Inc. raised its position in shares of Norwegian Cruise Line by 3.2% in the 3rd quarter. BlackRock Inc. now owns 15,320,352 shares of the company’s stock worth $262,131,000 after acquiring an additional 469,889 shares in the last quarter. State Street Corp raised its position in shares of Norwegian Cruise Line by 2.3% in the 3rd quarter. State Street Corp now owns 8,571,906 shares of the company’s stock worth $146,665,000 after acquiring an additional 195,632 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Norwegian Cruise Line by 49.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,864,668 shares of the company’s stock worth $63,497,000 after acquiring an additional 1,283,441 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Norwegian Cruise Line in the 3rd quarter worth $59,465,000. 88.85% of the stock is owned by institutional investors and hedge funds.
In other Norwegian Cruise Line news, CEO Robert Binder sold 91,484 shares of the stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $24.76, for a total transaction of $2,265,143.84. Following the completion of the transaction, the chief executive officer now owns 285,249 shares of the company’s stock, valued at $7,062,765.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.98% of the stock is owned by corporate insiders.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Saturday, November 14th. The company reported ($2.35) EPS for the quarter, missing analysts’ consensus estimates of ($2.24) by ($0.11). The business had revenue of $6.50 million during the quarter, compared to analyst estimates of $17.17 million. During the same period in the prior year, the firm earned $2.23 earnings per share. Norwegian Cruise Line’s revenue was down 99.7% on a year-over-year basis.
Several research analysts recently weighed in on the company. Barclays upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Friday, September 25th. BidaskClub downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. Morgan Stanley dropped their target price on Norwegian Cruise Line from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, November 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Norwegian Cruise Line from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on Norwegian Cruise Line from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, November 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.30.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers cruise itineraries ranging from a few days to 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, India and the rest of Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, South America, the Panama Canal, the Caribbean, and Harvest Caye.
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