Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Raised by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,486 shares of the company’s stock after purchasing an additional 2,389 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Norwegian Cruise Line were worth $1,566,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Norwegian Cruise Line by 14.6% during the fourth quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock worth $605,627,000 after buying an additional 1,817,368 shares in the last quarter. Bank of America Corp DE raised its position in Norwegian Cruise Line by 940.3% in the fourth quarter. Bank of America Corp DE now owns 5,763,182 shares of the company’s stock valued at $244,302,000 after purchasing an additional 5,209,207 shares during the period. Dimensional Fund Advisors LP raised its position in Norwegian Cruise Line by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock valued at $138,134,000 after purchasing an additional 174,266 shares during the period. Norges Bank purchased a new stake in Norwegian Cruise Line in the fourth quarter valued at $131,353,000. Finally, Geode Capital Management LLC raised its position in Norwegian Cruise Line by 16.4% in the fourth quarter. Geode Capital Management LLC now owns 2,958,211 shares of the company’s stock valued at $125,188,000 after purchasing an additional 416,956 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

NCLH has been the topic of a number of research analyst reports. Buckingham Research lifted their target price on Norwegian Cruise Line from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, February 22nd. 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 report on Monday, February 25th. 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. Finally, BidaskClub upgraded Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Norwegian Cruise Line has a consensus rating of “Buy” and an average target price of $66.62.

NCLH traded down $0.56 on Wednesday, hitting $54.66. 1,872,300 shares of the company were exchanged, compared to its average volume of 2,067,479. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share.

In other news, CEO Rio Frank J. Del sold 10,656 shares of the 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 transaction, the chief executive officer now directly owns 484,117 shares of the company’s stock, valued at approximately $26,558,658.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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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