Davidson Kempner Capital Management LP Sells 112,500 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

Davidson Kempner Capital Management LP trimmed its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 36.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after selling 112,500 shares during the quarter. Davidson Kempner Capital Management LP owned 0.09% of Norwegian Cruise Line worth $10,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kalos Management Inc. boosted its position in shares of Norwegian Cruise Line by 16.1% during the third quarter. Kalos Management Inc. now owns 12,254 shares of the company’s stock worth $662,000 after purchasing an additional 1,699 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Norwegian Cruise Line during the third quarter worth $7,525,000. Laurel Wealth Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the third quarter worth $284,000. Capital Guardian Trust Co. boosted its position in shares of Norwegian Cruise Line by 2.4% during the third quarter. Capital Guardian Trust Co. now owns 1,126,945 shares of the company’s stock worth $60,911,000 after purchasing an additional 26,495 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Norwegian Cruise Line by 11.1% during the third quarter. Janus Henderson Group PLC now owns 8,232,552 shares of the company’s stock worth $444,968,000 after purchasing an additional 822,804 shares in the last quarter. 89.02% of the stock is currently owned by institutional investors.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $54.72 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $42.04 and a twelve month high of $61.48. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. The company has a market cap of $12,572.37, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.58 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business posted $1.62 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

A number of brokerages have recently weighed in on NCLH. Goldman Sachs Group reissued a “neutral” rating and set a $64.00 price target (up from $60.00) on shares of Norwegian Cruise Line in a research report on Tuesday, August 15th. Argus began coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price target on the stock. Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 12th. Barclays lifted their price target on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Finally, Morgan Stanley lifted their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $63.07.

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Norwegian Cruise Line 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.

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

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