Northern Trust Corp reduced its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 944,092 shares of the company’s stock after selling 11,301 shares during the quarter. Northern Trust Corp owned approximately 0.41% of Norwegian Cruise Line Holdings worth $51,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Norwegian Cruise Line Holdings by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 12,431,396 shares of the company’s stock valued at $630,645,000 after acquiring an additional 434,493 shares in the last quarter. Janus Capital Management LLC grew its position in shares of Norwegian Cruise Line Holdings by 14.3% during the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock worth $406,820,000 after buying an additional 1,001,491 shares in the last quarter. BlackRock Inc. grew its position in shares of Norwegian Cruise Line Holdings by 4,913.5% during the first quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after buying an additional 7,417,990 shares in the last quarter. State Street Corp grew its position in shares of Norwegian Cruise Line Holdings by 2.6% during the first quarter. State Street Corp now owns 2,914,873 shares of the company’s stock worth $147,863,000 after buying an additional 73,722 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Norwegian Cruise Line Holdings by 71.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,802,173 shares of the company’s stock worth $91,427,000 after buying an additional 752,126 shares in the last quarter. 85.80% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the company. Deutsche Bank AG boosted their price objective on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Barclays PLC boosted their price objective on Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Bank of America Corporation assumed coverage on Norwegian Cruise Line Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $65.00 price objective for the company. Zacks Investment Research downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Norwegian Cruise Line Holdings currently has a consensus rating of “Buy” and an average target price of $59.40.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at 58.84 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $35.21 and a 1-year high of $61.48. The company’s 50-day moving average price is $56.28 and its 200 day moving average price is $53.70. The stock has a market cap of $13.43 billion, a PE ratio of 19.89 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.85 EPS. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.98 EPS for the current fiscal year.

In other Norwegian Cruise Line Holdings news, EVP Harry Sommer sold 11,807 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.

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Norwegian Cruise Line Holdings 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.

Institutional Ownership by Quarter for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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