Korea Investment CORP Buys New Holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Korea Investment CORP bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 131,500 shares of the company’s stock, valued at approximately $7,108,000. Korea Investment CORP owned about 0.06% of Norwegian Cruise Line Holdings as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Boston Advisors LLC grew its holdings in shares of Norwegian Cruise Line Holdings by 31.3% during the 3rd quarter. Boston Advisors LLC now owns 10,550 shares of the company’s stock valued at $570,000 after purchasing an additional 2,515 shares during the last quarter. Fox Run Management L.L.C. grew its holdings in shares of Norwegian Cruise Line Holdings by 123.2% during the 3rd quarter. Fox Run Management L.L.C. now owns 12,500 shares of the company’s stock valued at $676,000 after purchasing an additional 6,900 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Norwegian Cruise Line Holdings during the 3rd quarter valued at $2,030,000. Davidson Kempner Capital Management LP bought a new position in shares of Norwegian Cruise Line Holdings during the 2nd quarter valued at $16,963,000. Finally, Toronto Dominion Bank grew its holdings in shares of Norwegian Cruise Line Holdings by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares during the last quarter. 85.93% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on NCLH shares. Zacks Investment Research lowered shares of Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target (down previously from $69.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, October 19th. UBS AG reissued a “neutral” rating and issued a $60.00 price target (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, August 10th. Bank of America Corporation started coverage on shares of Norwegian Cruise Line Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Barclays PLC raised their price target on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Norwegian Cruise Line Holdings has an average rating of “Buy” and an average target price of $62.53.

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Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $55.23 on Friday. The firm has a market cap of $12,618.07, a PE ratio of 15.13, a PEG ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.16 and a current ratio of 0.19. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $37.07 and a 52 week high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line Holdings had a net margin of 13.91% and a return on equity of 17.71%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 EPS. sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.82 earnings per share for the current fiscal year.

In related news, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the transaction, the executive vice president now directly owns 42,195 shares of the company’s stock, valued at approximately $2,465,031.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 16th. The shares were 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. Company insiders own 0.98% of the company’s stock.

About Norwegian Cruise Line Holdings

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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