Jennison Associates LLC Boosts Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Jennison Associates LLC lifted its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,690,024 shares of the company’s stock after acquiring an additional 115,635 shares during the period. Jennison Associates LLC owned about 0.74% of Norwegian Cruise Line Holdings worth $91,346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NCLH. Candriam Luxembourg S.C.A. increased its position in Norwegian Cruise Line Holdings by 19.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 12,823 shares of the company’s stock worth $693,000 after buying an additional 2,098 shares during the period. Swiss National Bank increased its position in Norwegian Cruise Line Holdings by 16.0% in the third quarter. Swiss National Bank now owns 672,600 shares of the company’s stock worth $36,354,000 after buying an additional 92,900 shares during the period. Principal Financial Group Inc. increased its position in Norwegian Cruise Line Holdings by 4.1% in the third quarter. Principal Financial Group Inc. now owns 31,428 shares of the company’s stock worth $1,698,000 after buying an additional 1,246 shares during the period. Daiwa Securities Group Inc. increased its position in Norwegian Cruise Line Holdings by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 12,800 shares of the company’s stock worth $692,000 after buying an additional 1,400 shares during the period. Finally, Prudential Financial Inc. increased its position in Norwegian Cruise Line Holdings by 28.3% in the third quarter. Prudential Financial Inc. now owns 345,092 shares of the company’s stock worth $18,652,000 after buying an additional 76,080 shares during the period. 85.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harry Sommer sold 11,807 shares of the stock in a transaction on Tuesday, August 15th. The shares were 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 owns 42,195 shares of the company’s stock, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Several brokerages have weighed in on NCLH. Barclays PLC increased their target price on Norwegian Cruise Line Holdings from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley increased their target price on Norwegian Cruise Line Holdings from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday. BidaskClub lowered Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Nomura increased their target price on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $64.00 price target (up from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Norwegian Cruise Line Holdings has an average rating of “Buy” and an average price target of $62.53.

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Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ: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 2,515,617. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $37.07 and a fifty-two week high of $61.48. The company has a market capitalization of $12,618.07, a PE ratio of 15.13, a P/E/G ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.19 and a quick ratio of 0.16.

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 the Thomson Reuters’ 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 business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.62 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.82 EPS for the current year.

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.

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

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