Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Increased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 26.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,182 shares of the company’s stock after buying an additional 6,337 shares during the quarter. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line Holdings were worth $1,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NCLH. BlackRock Inc. raised its position in shares of Norwegian Cruise Line Holdings by 4,913.5% during the 1st quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock valued at $383,975,000 after buying an additional 7,417,990 shares in the last quarter. Janus Capital Management LLC raised its position in shares of Norwegian Cruise Line Holdings by 14.3% during the 1st quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock valued at $406,820,000 after buying an additional 1,001,491 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Norwegian Cruise Line Holdings by 71.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,802,173 shares of the company’s stock valued at $91,427,000 after buying an additional 752,126 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Norwegian Cruise Line Holdings during the 2nd quarter valued at about $28,158,000. Finally, Vanguard Group Inc. raised its position in shares of Norwegian Cruise Line Holdings by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 12,431,396 shares of the company’s stock valued at $630,645,000 after buying an additional 434,493 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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In related news, EVP Harry Sommer sold 11,807 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

NCLH has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a $65.00 price target on shares of Norwegian Cruise Line Holdings in a report on Wednesday, June 28th. BidaskClub downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a report on Monday, July 24th. They set a “buy” rating and a $65.00 price target on the stock. Nomura upped their price target on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Buckingham Research upped their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $60.00.

Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 58.61 on Wednesday. The stock’s 50 day moving average is $56.56 and its 200-day moving average is $54.03. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $35.21 and a 1-year high of $61.48. The company has a market capitalization of $13.37 billion, a P/E ratio of 19.81 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.98 earnings per share for the current fiscal year.

Norwegian Cruise Line Holdings 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.

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

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