CIBC Asset Management Inc boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,038 shares of the company’s stock after purchasing an additional 731 shares during the quarter. CIBC Asset Management Inc’s holdings in Norwegian Cruise Line were worth $1,156,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Toronto Dominion Bank raised its stake in shares of Norwegian Cruise Line by 32.6% in the first quarter. Toronto Dominion Bank now owns 183,975 shares of the company’s stock worth $10,109,000 after buying an additional 45,222 shares during the period. First Allied Advisory Services Inc. bought a new stake in Norwegian Cruise Line during the 1st quarter valued at approximately $220,000. Nissay Asset Management Corp Japan ADV raised its stake in Norwegian Cruise Line by 9.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 17,673 shares of the company’s stock valued at $971,000 after purchasing an additional 1,489 shares during the period. South Dakota Investment Council raised its stake in Norwegian Cruise Line by 16.6% during the 1st quarter. South Dakota Investment Council now owns 192,100 shares of the company’s stock valued at $10,558,000 after purchasing an additional 27,330 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in Norwegian Cruise Line by 2.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 269,231 shares of the company’s stock valued at $14,797,000 after purchasing an additional 6,910 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
In other Norwegian Cruise Line news, CEO Andrew Stuart sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $54.04, for a total value of $1,080,800.00. Following the sale, the chief executive officer now directly owns 379,352 shares in the company, valued at $20,500,182.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $56.52, for a total value of $173,912.04. Following the completion of the sale, the chief executive officer now owns 453,968 shares in the company, valued at $25,658,271.36. The disclosure for this sale can be found here. Insiders sold 36,959 shares of company stock valued at $2,055,943 over the last quarter. 0.98% of the stock is currently owned by company insiders.
Norwegian Cruise Line stock traded up $0.56 during trading hours on Friday, hitting $54.28. 1,454,353 shares of the stock traded hands, compared to its average volume of 2,114,701. 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 issued its earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS.
A number of analysts have issued reports on the company. Wells Fargo & Co lifted their price objective on Norwegian Cruise Line from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Macquarie upgraded Norwegian Cruise Line from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a report on Monday, February 25th. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Zacks Investment Research cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Buckingham Research cut Norwegian Cruise Line from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $77.00 to $56.00 in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $65.00.
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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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