Brandywine Global Investment Management LLC Buys 46,581 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

Brandywine Global Investment Management LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,669,888 shares of the company’s stock after buying an additional 46,581 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.75% of Norwegian Cruise Line worth $70,787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NCLH. Capital World Investors raised its holdings in Norwegian Cruise Line by 49.4% in the 3rd quarter. Capital World Investors now owns 15,620,156 shares of the company’s stock worth $897,066,000 after purchasing an additional 5,168,349 shares during the period. BlackRock Inc. raised its holdings in Norwegian Cruise Line by 14.6% in the 4th quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock worth $605,627,000 after purchasing an additional 1,817,368 shares during the period. Janus Henderson Group PLC raised its holdings in Norwegian Cruise Line by 9.3% in the 3rd quarter. Janus Henderson Group PLC now owns 11,002,326 shares of the company’s stock worth $631,864,000 after purchasing an additional 934,851 shares during the period. Bank of New York Mellon Corp raised its holdings in Norwegian Cruise Line by 24.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,322,854 shares of the company’s stock worth $248,261,000 after purchasing an additional 840,511 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock worth $138,134,000 after purchasing an additional 174,266 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Shares of Norwegian Cruise Line stock opened at $55.55 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $39.36 and a 12 month high of $58.09.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, February 21st. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $0.68 EPS. Norwegian Cruise Line’s revenue was up 10.5% compared to the same quarter last year.

NCLH has been the subject of a number of analyst reports. Zacks Investment Research cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, January 11th. BidaskClub raised Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, February 22nd. Deutsche Bank reissued a “buy” rating and set a $65.00 target price on shares of Norwegian Cruise Line in a report on Wednesday, January 16th. Finally, TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.92.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $52.70, for a total value of $162,157.90. Following the completion of the sale, the chief executive officer now directly owns 292,090 shares in the company, valued at $15,393,143. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rio Frank J. Del sold 6,154 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The shares were sold at an average price of $50.44, for a total value of $310,407.76. Following the completion of the sale, the chief executive officer now owns 295,767 shares of the company’s stock, valued at $14,918,487.48. The disclosure for this sale can be found here. Insiders sold 104,584 shares of company stock valued at $5,763,329 over the last 90 days. Company insiders own 0.98% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/03/17/brandywine-global-investment-management-llc-buys-46581-shares-of-norwegian-cruise-line-holdings-ltd-nclh.html.

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.

Further Reading: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply