Advisors Capital Management LLC Lowers Holdings in Norwegian Cruise Line Holdings Ltd. (NCLH)

Advisors Capital Management LLC lessened its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,572 shares of the company’s stock after selling 3,547 shares during the period. Advisors Capital Management LLC’s holdings in Norwegian Cruise Line Holdings were worth $3,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its stake in Norwegian Cruise Line Holdings by 4,913.5% during 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 during the last quarter. Janus Henderson Group PLC grew its stake in Norwegian Cruise Line Holdings by 2,659.1% during the 2nd quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after buying an additional 7,141,190 shares during the last quarter. Fred Alger Management Inc. purchased a new position in Norwegian Cruise Line Holdings during the 2nd quarter worth approximately $63,312,000. Dimensional Fund Advisors LP grew its stake in Norwegian Cruise Line Holdings by 33.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,400,494 shares of the company’s stock worth $130,326,000 after buying an additional 598,321 shares during the last quarter. Finally, Capital World Investors grew its stake in Norwegian Cruise Line Holdings by 6.0% during the 2nd quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock worth $543,145,000 after buying an additional 569,196 shares during the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.

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In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total value 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 $2,465,031.90. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

NCLH has been the topic of a number of research reports. Zacks Investment Research downgraded Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price (down from $69.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, October 19th. UBS AG reiterated a “neutral” rating and issued a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Bank of America Corporation began coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $62.53.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) traded down $1.66 during mid-day trading on Friday, reaching $55.23. The company had a trading volume of 2,282,200 shares, compared to its average volume of 1,855,913. The firm has a market capitalization of $12,997.31, a PE ratio of 15.59, a PEG ratio of 0.60 and a beta of 1.12. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $37.07 and a 52-week high of $61.48. 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 (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. Norwegian Cruise Line Holdings had a return on equity of 17.71% and a net margin of 13.91%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. Norwegian Cruise Line Holdings’s revenue was up 11.2% on a year-over-year basis. sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.82 EPS for the current year.

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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