Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Position Reduced by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 298,774 shares of the company’s stock after selling 26,332 shares during the quarter. California State Teachers Retirement System owned about 0.13% of Norwegian Cruise Line Holdings worth $16,221,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NCLH. Principal Financial Group Inc. lifted its position in shares of Norwegian Cruise Line Holdings by 57.1% in the 1st quarter. Principal Financial Group Inc. now owns 23,845 shares of the company’s stock worth $1,210,000 after acquiring an additional 8,670 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Norwegian Cruise Line Holdings by 71.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,802,173 shares of the company’s stock worth $91,427,000 after acquiring an additional 752,126 shares during the period. Morgan Stanley raised its holdings in shares of Norwegian Cruise Line Holdings by 82.1% in the 1st quarter. Morgan Stanley now owns 251,407 shares of the company’s stock worth $12,753,000 after buying an additional 113,323 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Norwegian Cruise Line Holdings by 4,913.5% in the 1st quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after buying an additional 7,417,990 shares in the last quarter. Finally, KCG Holdings Inc. raised its holdings in shares of Norwegian Cruise Line Holdings by 10.7% in the 1st quarter. KCG Holdings Inc. now owns 11,975 shares of the company’s stock worth $607,000 after buying an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) traded up 1.31% during midday trading on Friday, hitting $55.64. The stock had a trading volume of 2,319,615 shares. The stock’s 50-day moving average price is $56.13 and its 200 day moving average price is $54.33. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $35.21 and a 52 week high of $61.48. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 18.80 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.97 earnings per share for the current year.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the transaction, the executive vice president now directly owns 42,195 shares of the company’s stock, valued at $2,465,031.90. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

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A number of equities analysts have recently issued reports on the company. Deutsche Bank AG increased their target price on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Barclays PLC raised their price target on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a report on Monday, July 24th. They set a “buy” rating and a $65.00 price target for the company. Zacks Investment Research lowered Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $69.00 price objective on shares of Norwegian Cruise Line Holdings in a research report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.47.

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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