Bristol John W & Co. Inc. NY reduced its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 939,750 shares of the company’s stock after selling 10,051 shares during the quarter. Bristol John W & Co. Inc. NY owned approximately 0.42% of Norwegian Cruise Line worth $53,970,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at $114,000. Federated Investors Inc. PA boosted its stake in shares of Norwegian Cruise Line by 41.0% in the 1st quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock valued at $214,000 after purchasing an additional 1,175 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Norwegian Cruise Line in the 1st quarter valued at $215,000. Timber Hill LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at $222,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at $236,000. 88.85% of the stock is currently owned by institutional investors.
In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $55.99, for a total value of $172,281.23. Following the transaction, the chief executive officer now directly owns 308,967 shares of the company’s stock, valued at $17,299,062.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,231 shares of company stock worth $488,443 over the last ninety days. Insiders own 0.98% of the company’s stock.
Several brokerages recently issued reports on NCLH. BidaskClub lowered shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 9th. Stifel Nicolaus increased their target price on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Nomura cut their target price on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Macquarie raised shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 target price on the stock in a research note on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and an average target price of $64.60.
Norwegian Cruise Line stock opened at $46.57 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $41.61 and a 1-year high of $61.18.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.18. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $1.02 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis.
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About Norwegian Cruise Line
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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