GSA Capital Partners LLP Has $1.44 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

GSA Capital Partners LLP increased its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 81.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,588 shares of the company’s stock after purchasing an additional 11,946 shares during the quarter. GSA Capital Partners LLP’s holdings in Norwegian Cruise Line were worth $1,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCLH. Canada Pension Plan Investment Board raised its stake in Norwegian Cruise Line by 46.9% during the second quarter. Canada Pension Plan Investment Board now owns 102,051 shares of the company’s stock worth $5,540,000 after acquiring an additional 32,600 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Norwegian Cruise Line by 14.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 414,710 shares of the company’s stock valued at $22,515,000 after purchasing an additional 53,621 shares during the period. State of Wisconsin Investment Board increased its stake in shares of Norwegian Cruise Line by 31.5% in the second quarter. State of Wisconsin Investment Board now owns 137,701 shares of the company’s stock valued at $7,476,000 after purchasing an additional 32,950 shares during the period. Alps Advisors Inc. increased its stake in shares of Norwegian Cruise Line by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,396 shares of the company’s stock valued at $510,000 after purchasing an additional 24 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Norwegian Cruise Line by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock valued at $38,075,000 after purchasing an additional 13,371 shares during the period. 88.85% of the stock is owned by institutional investors.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) traded up $0.56 during mid-day trading on Thursday, reaching $56.16. 2,114,339 shares of the company traded hands, compared to its average volume of 1,710,000. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $44.20 and a 12-month high of $61.48. The company has a market cap of $12,810.00, a P/E ratio of 17.55, a P/E/G ratio of 0.56 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday. BidaskClub downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price (down previously from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Wedbush set a $65.00 target price on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 12th. Finally, Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.00.

In related news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction that occurred 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. 0.98% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “GSA Capital Partners LLP Has $1.44 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/11/gsa-capital-partners-llp-buys-11946-shares-of-norwegian-cruise-line-holdings-ltd-nclh.html.

Norwegian Cruise Line 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 (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply