Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Stake Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 18.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Oppenheimer & Co. Inc.’s holdings in Norwegian Cruise Line were worth $495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Municipal Employees Retirement System of Michigan purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at $881,000. Stifel Financial Corp raised its holdings in shares of Norwegian Cruise Line by 10.6% in the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock valued at $2,146,000 after buying an additional 4,902 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Norwegian Cruise Line by 126.5% in the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock valued at $1,617,000 after buying an additional 16,435 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Norwegian Cruise Line by 9.1% in the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock valued at $4,343,000 after buying an additional 8,505 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Norwegian Cruise Line by 6.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 9,408 shares of the company’s stock valued at $399,000 after buying an additional 580 shares during the period. 88.85% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on NCLH shares. TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Zacks Investment Research upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, February 26th. Deutsche Bank reiterated a “buy” rating and issued a $70.00 price objective on shares of Norwegian Cruise Line in a report on Monday, February 25th. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, BidaskClub raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.62.

Shares of NASDAQ:NCLH traded down $0.56 on Wednesday, hitting $54.66. 1,872,300 shares of the company’s stock were exchanged, compared to its average volume of 2,067,479. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $39.36 and a 1-year high of $59.71.

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

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 10,656 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.86, for a total transaction of $584,588.16. Following the completion of the sale, the chief executive officer now directly owns 484,117 shares of the company’s stock, valued at approximately $26,558,658.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $58.48, for a total value of $179,942.96. Following the transaction, the chief executive officer now directly owns 455,747 shares of the company’s stock, valued at $26,652,084.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,692 shares of company stock valued at $1,730,720. 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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Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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