Royal London Asset Management Ltd. purchased a new position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 139,176 shares of the company’s stock, valued at approximately $6,575,000. Royal London Asset Management Ltd. owned about 0.06% of Norwegian Cruise Line as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NCLH. Northern Trust Corp raised its holdings in Norwegian Cruise Line by 2.7% in the 2nd quarter. Northern Trust Corp now owns 2,158,595 shares of the company’s stock valued at $101,995,000 after acquiring an additional 57,319 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $273,000. Bank of New York Mellon Corp raised its holdings in Norwegian Cruise Line by 31.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,482,343 shares of the company’s stock valued at $164,541,000 after acquiring an additional 840,909 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at about $9,521,000. Finally, Andra AP fonden raised its holdings in Norwegian Cruise Line by 5.7% in the 2nd quarter. Andra AP fonden now owns 96,500 shares of the company’s stock valued at $4,560,000 after acquiring an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

In other news, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total value of $523,258.70. Following the completion of the sale, the chief executive officer now owns 324,286 shares of the company’s stock, valued at approximately $15,922,442.60. The transaction was disclosed in a filing 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 Wednesday, July 18th. The shares were sold at an average price of $50.22, for a total transaction of $154,526.94. Following the completion of the sale, the chief executive officer now directly owns 331,501 shares of the company’s stock, valued at approximately $16,647,980.22. The disclosure for this sale can be found here. In the last three months, insiders sold 42,631 shares of company stock valued at $2,077,221. Corporate insiders own 0.98% of the company’s stock.

Norwegian Cruise Line stock opened at $56.42 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $46.16 and a 1-year high of $61.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. equities research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current fiscal year.

A number of analysts have commented on NCLH shares. BidaskClub upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Nomura cut their price objective on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 10th. Stifel Nicolaus increased their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, August 10th. Morgan Stanley cut their price objective on shares of Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, June 5th. Finally, Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.18.

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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