Caisse DE Depot ET Placement DU Quebec increased its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 38.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,390 shares of the company’s stock after purchasing an additional 5,920 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Norwegian Cruise Line were worth $1,139,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Norwegian Cruise Line by 35.7% in the fourth quarter. BlackRock Inc. now owns 11,085,276 shares of the company’s stock worth $590,293,000 after purchasing an additional 2,914,618 shares during the period. Janus Henderson Group PLC increased its position in shares of Norwegian Cruise Line by 11.1% in 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 during the period. DSM Capital Partners LLC increased its position in shares of Norwegian Cruise Line by 106.1% in the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after purchasing an additional 1,848,761 shares during the period. Dimensional Fund Advisors LP grew its position in Norwegian Cruise Line by 11.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,670,028 shares of the company’s stock valued at $144,307,000 after acquiring an additional 269,534 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Norwegian Cruise Line by 0.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,177,259 shares of the company’s stock valued at $115,939,000 after acquiring an additional 15,612 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.
Shares of NCLH stock traded down $1.18 during mid-day trading on Friday, reaching $53.21. 2,407,684 shares of the stock traded hands, compared to its average volume of 2,082,593. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $46.96 and a 1-year high of $61.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
A number of research firms have issued reports on NCLH. BidaskClub cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. JPMorgan Chase upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Thursday, January 11th. SunTrust Banks upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. Finally, Morgan Stanley lifted their target price on Norwegian Cruise Line from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.86.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total value of $546,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.98% of the stock is owned by insiders.
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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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