Sterling Capital Management LLC lifted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,621,245 shares of the company’s stock after purchasing an additional 10,655 shares during the quarter. Sterling Capital Management LLC owned about 0.73% of Norwegian Cruise Line worth $93,108,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Norwegian Cruise Line by 273.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,976 shares of the company’s stock worth $113,000 after purchasing an additional 1,447 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Norwegian Cruise Line by 2.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 253,379 shares of the company’s stock valued at $14,552,000 after acquiring an additional 5,807 shares during the last quarter. Accuvest Global Advisors acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $478,000. Blackcrane Capital LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $11,653,000. Finally, Arizona State Retirement System grew its stake in Norwegian Cruise Line by 6.4% in the 3rd quarter. Arizona State Retirement System now owns 159,374 shares of the company’s stock valued at $9,153,000 after acquiring an additional 9,634 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on NCLH shares. BidaskClub cut shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, August 10th. Stifel Nicolaus increased their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Nomura lowered their price objective on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Norwegian Cruise Line has an average rating of “Buy” and a consensus price target of $64.60.
NASDAQ NCLH traded down $0.04 during trading hours on Friday, reaching $46.36. The company’s stock had a trading volume of 23,920 shares, compared to its average volume of 2,014,555. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $41.61 and a fifty-two week high of $61.18. 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 released its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.18. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current fiscal year.
In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $55.99, for a total value of $172,281.23. Following the transaction, the chief executive officer now directly owns 308,967 shares in the company, valued at approximately $17,299,062.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 9,231 shares of company stock worth $488,443. 0.98% of the stock is owned by insiders.
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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