Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Position Cut by State of Wisconsin Investment Board

State of Wisconsin Investment Board trimmed its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 9.7% during the first quarter, Holdings Channel reports. The fund owned 161,666 shares of the company’s stock after selling 17,275 shares during the quarter. State of Wisconsin Investment Board’s holdings in Norwegian Cruise Line were worth $8,885,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at approximately $259,000. Dupont Capital Management Corp lifted its stake in Norwegian Cruise Line by 87.9% in the fourth quarter. Dupont Capital Management Corp now owns 4,188 shares of the company’s stock valued at $178,000 after buying an additional 1,959 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Norwegian Cruise Line by 10,307.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock valued at $55,000 after buying an additional 2,310,433 shares during the last quarter. Cigna Investments Inc. New lifted its stake in Norwegian Cruise Line by 6.3% in the fourth quarter. Cigna Investments Inc. New now owns 6,309 shares of the company’s stock valued at $268,000 after buying an additional 374 shares during the last quarter. Finally, South Dakota Investment Council lifted its stake in Norwegian Cruise Line by 2,692.7% in the fourth quarter. South Dakota Investment Council now owns 164,770 shares of the company’s stock valued at $6,985,000 after buying an additional 158,870 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Jason Montague sold 10,805 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $57.50, for a total value of $621,287.50. Following the transaction, the chief executive officer now owns 92,993 shares of the company’s stock, valued at $5,347,097.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $58.48, for a total value of $179,942.96. Following the completion of the transaction, the chief executive officer now directly owns 455,747 shares in the company, valued at approximately $26,652,084.56. The disclosure for this sale can be found here. In the last three months, insiders sold 36,959 shares of company stock worth $2,055,943. Corporate insiders own 0.98% of the company’s stock.

NCLH has been the subject of a number of research reports. Deutsche Bank set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Sunday, February 17th. Wedbush boosted their price objective on Norwegian Cruise Line from $44.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 22nd. Morgan Stanley set a $64.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Friday, February 22nd. Macquarie upgraded Norwegian Cruise Line from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Monday, February 25th. Finally, Wells Fargo & Co boosted their price objective on Norwegian Cruise Line from $65.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $65.00.

NASDAQ:NCLH opened at $54.28 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $39.36 and a 12-month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS.

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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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