Glenmede Trust Co. NA Holds Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)

Glenmede Trust Co. NA maintained its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,250 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Norwegian Cruise Line Holdings were worth $435,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $116,000. Acadian Asset Management LLC purchased a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $146,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock valued at $201,000 after buying an additional 266 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $203,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at about $204,000. 86.02% of the stock is currently owned by institutional investors.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded up 1.16% during mid-day trading on Friday, reaching $56.90. The company had a trading volume of 1,265,845 shares. The stock has a 50 day moving average of $54.45 and a 200-day moving average of $51.17. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $34.16 and a 52 week high of $57.48. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 20.85 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. Norwegian Cruise Line Holdings’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.89 earnings per share for the current fiscal year.

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Several research analysts have issued reports on the company. Bank of America Corporation assumed coverage on Norwegian Cruise Line Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $65.00 target price on the stock. BidaskClub cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Berenberg Bank reissued a “buy” rating and issued a $65.00 target price on shares of Norwegian Cruise Line Holdings in a research report on Wednesday, June 28th. ValuEngine raised Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Finally, Wedbush raised Norwegian Cruise Line Holdings from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $54.00 to $61.00 in a research note on Friday, May 26th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Norwegian Cruise Line Holdings currently has a consensus rating of “Hold” and a consensus target price of $51.67.

In related news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the transaction, the chief executive officer now owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings 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.

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

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