Legal & General Group Plc Raises Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Legal & General Group Plc boosted its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 879,003 shares of the company’s stock after buying an additional 25,250 shares during the quarter. Legal & General Group Plc owned approximately 0.39% of Norwegian Cruise Line worth $46,561,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in Norwegian Cruise Line by 2,219.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 192,091 shares of the company’s stock valued at $10,230,000 after acquiring an additional 183,808 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Norwegian Cruise Line by 66.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,298,269 shares of the company’s stock valued at $69,133,000 after acquiring an additional 517,181 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Norwegian Cruise Line by 395.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock valued at $143,000 after acquiring an additional 2,154 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $330,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $1,693,000. 88.85% of the stock is currently owned by institutional investors.

NCLH has been the subject of several recent analyst reports. Bank of America set a $72.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Monday, May 28th. Deutsche Bank upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, April 18th. Morgan Stanley lowered their target price on shares of Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 5th. BidaskClub upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. Finally, Zacks Investment Research downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.92.

In other news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction on Friday, June 15th. The shares were sold at an average price of $54.34, for a total transaction of $167,204.18. Following the completion of the sale, the chief executive officer now directly owns 372,831 shares in the company, valued at $20,259,636.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.98% of the company’s stock.

NASDAQ:NCLH opened at $47.65 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $47.06 and a 12 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.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.40 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

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)

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