CENTRAL TRUST Co increased its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 13,385.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,485 shares of the company’s stock after purchasing an additional 13,385 shares during the period. CENTRAL TRUST Co’s holdings in Norwegian Cruise Line were worth $741,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Machina Capital S.A.S. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $29,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $42,000. Exane Derivatives increased its position in shares of Norwegian Cruise Line by 221.9% during the fourth quarter. Exane Derivatives now owns 1,220 shares of the company’s stock worth $52,000 after buying an additional 841 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Norwegian Cruise Line by 10,307.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock worth $55,000 after buying an additional 2,310,433 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Norwegian Cruise Line during the fourth quarter worth $79,000. 88.85% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on NCLH shares. BidaskClub upgraded shares of Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Morgan Stanley upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $58.00 to $62.00 in a research report on Wednesday, February 6th. TheStreet raised shares of Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research note on Wednesday, February 6th. Deutsche Bank set a $65.00 target price on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Sunday, February 17th. Finally, Wedbush increased their target price on shares of Norwegian Cruise Line from $44.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.00.
Shares of Norwegian Cruise Line stock traded up $0.04 during trading hours on Wednesday, reaching $56.81. The company’s stock had a trading volume of 1,010,857 shares, compared to its average volume of 2,093,832. Norwegian Cruise Line Holdings Ltd. has a one year low of $39.36 and a one year high of $59.71.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis.
In related news, CEO Andrew Stuart sold 42,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the sale, the chief executive officer now owns 389,434 shares in the company, valued at $21,788,832.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Harry Sommer sold 31,138 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $55.01, for a total transaction of $1,712,901.38. The disclosure for this sale can be found here. Insiders sold 115,389 shares of company stock worth $6,436,895 over the last ninety days. Insiders own 0.98% of the company’s stock.
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About Norwegian Cruise Line
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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