Tyers Asset Management LLC Has $2.26 Million Stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Tyers Asset Management LLC cut its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 56.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,140 shares of the company’s stock after selling 53,636 shares during the period. Tyers Asset Management LLC’s holdings in Norwegian Cruise Line were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NCLH. Boston Advisors LLC lifted its position in Norwegian Cruise Line by 0.9% in the first quarter. Boston Advisors LLC now owns 22,849 shares of the company’s stock worth $1,256,000 after purchasing an additional 195 shares during the period. LPL Financial LLC lifted its position in Norwegian Cruise Line by 4.7% in the fourth quarter. LPL Financial LLC now owns 5,070 shares of the company’s stock worth $215,000 after purchasing an additional 227 shares during the period. Great West Life Assurance Co. Can lifted its position in Norwegian Cruise Line by 15.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock worth $93,000 after purchasing an additional 290 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Norwegian Cruise Line by 2.2% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,184 shares of the company’s stock worth $686,000 after purchasing an additional 356 shares during the period. Finally, US Bancorp DE lifted its position in Norwegian Cruise Line by 27.7% in the first quarter. US Bancorp DE now owns 1,688 shares of the company’s stock worth $93,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

Shares of NASDAQ NCLH traded down $0.27 during trading on Thursday, hitting $53.57. The company had a trading volume of 9,685 shares, compared to its average volume of 2,126,370. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $39.36 and a 52 week high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. Norwegian Cruise Line’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS.

In other Norwegian Cruise Line news, CEO Jason Montague sold 10,805 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $57.50, for a total transaction of $621,287.50. Following the sale, the chief executive officer now directly owns 92,993 shares of the company’s stock, valued at approximately $5,347,097.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Stuart sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $54.04, for a total transaction of $1,080,800.00. Following the sale, the chief executive officer now directly owns 379,352 shares in the company, valued at $20,500,182.08. The disclosure for this sale can be found here. Insiders sold 40,036 shares of company stock worth $2,226,931 in the last ninety days. 0.98% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the company. Buckingham Research downgraded Norwegian Cruise Line from a “buy” rating to a “neutral” rating and cut their target price for the stock from $77.00 to $56.00 in a research report on Wednesday, June 5th. UBS Group upped their target price on Norwegian Cruise Line from $58.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Nomura upped their price target on Norwegian Cruise Line from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Co upped their price target on Norwegian Cruise Line from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.00.

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Norwegian Cruise Line 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.

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

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