IFM Investors Pty Ltd Buys 6,338 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

IFM Investors Pty Ltd grew its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 42.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,228 shares of the company’s stock after purchasing an additional 6,338 shares during the period. IFM Investors Pty Ltd’s holdings in Norwegian Cruise Line were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in NCLH. FMR LLC grew its stake in shares of Norwegian Cruise Line by 27.6% in the 1st quarter. FMR LLC now owns 245,566 shares of the company’s stock valued at $13,497,000 after purchasing an additional 53,190 shares during the period. DNB Asset Management AS grew its stake in shares of Norwegian Cruise Line by 55.1% in the 2nd quarter. DNB Asset Management AS now owns 108,464 shares of the company’s stock valued at $5,817,000 after purchasing an additional 38,511 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Norwegian Cruise Line by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,640 shares of the company’s stock valued at $1,000,000 after purchasing an additional 267 shares during the period. Rothschild Investment Corp IL bought a new stake in shares of Norwegian Cruise Line in the 2nd quarter valued at approximately $275,000. Finally, First Hawaiian Bank grew its stake in shares of Norwegian Cruise Line by 55.7% in the 2nd quarter. First Hawaiian Bank now owns 6,641 shares of the company’s stock valued at $356,000 after purchasing an additional 2,376 shares during the period. Institutional investors own 88.85% of the company’s stock.

Several equities research analysts have recently weighed in on NCLH shares. Deutsche Bank reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Friday. Nomura reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Thursday, October 10th. Wedbush set a $65.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Thursday, September 12th. Macquarie set a $65.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and a consensus target price of $64.75.

NASDAQ:NCLH traded down $0.40 during trading hours on Friday, hitting $51.82. 1,944,900 shares of the stock were exchanged, compared to its average volume of 2,067,954. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month high of $59.71. The company’s 50 day moving average is $50.72 and its two-hundred day moving average is $52.15.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.08. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Norwegian Cruise Line’s quarterly revenue was up 3.0% on a year-over-year basis.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 2,456 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $50.23, for a total transaction of $123,364.88. Following the completion of the transaction, the chief executive officer now owns 404,094 shares in the company, valued at approximately $20,297,641.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rio Frank J. Del sold 4,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $53.62, for a total value of $214,480.00. Following the transaction, the chief executive officer now owns 408,407 shares of the company’s stock, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,300 shares of company stock valued at $2,280,618. Corporate insiders own 0.98% of the company’s stock.

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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