Garnet Equity Capital Holdings Inc. bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $2,663,000. Norwegian Cruise Line accounts for 2.1% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 22nd largest position.
Other institutional investors also recently bought and sold shares of the company. OxFORD Asset Management LLP purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $348,000. Guardian Capital LP purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $254,000. IFM Investors Pty Ltd purchased a new stake in shares of Norwegian Cruise Line during the 3rd quarter valued at $259,000. State Treasurer State of Michigan purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $2,780,000. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $628,000. Institutional investors own 88.85% of the company’s stock.
Several analysts have recently commented on NCLH shares. BidaskClub upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 12th. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Saturday, January 20th. Deutsche Bank upped their target price on Norwegian Cruise Line from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.86.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, February 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. research analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $56.00, for a total transaction of $546,000,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.98% of the stock is currently owned by company insiders.
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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