Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,159 shares of the company’s stock after selling 2,350 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Norwegian Cruise Line were worth $3,736,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NCLH. State of Michigan Retirement System increased its position in Norwegian Cruise Line by 0.4% during the third quarter. State of Michigan Retirement System now owns 51,800 shares of the company’s stock worth $2,682,000 after purchasing an additional 200 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in Norwegian Cruise Line by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 18,640 shares of the company’s stock worth $1,000,000 after purchasing an additional 267 shares during the last quarter. Bank of Nova Scotia increased its position in Norwegian Cruise Line by 0.6% during the second quarter. Bank of Nova Scotia now owns 48,146 shares of the company’s stock worth $2,583,000 after purchasing an additional 306 shares during the last quarter. IFM Investors Pty Ltd increased its position in Norwegian Cruise Line by 2.2% during the second quarter. IFM Investors Pty Ltd now owns 14,890 shares of the company’s stock worth $799,000 after purchasing an additional 315 shares during the last quarter. Finally, Seeyond increased its position in Norwegian Cruise Line by 2.1% during the second quarter. Seeyond now owns 17,198 shares of the company’s stock worth $922,000 after purchasing an additional 349 shares during the last quarter. 88.85% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Andrew Stuart sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the completion of the transaction, the chief executive officer now owns 356,873 shares in the company, valued at approximately $17,847,218.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rio Frank J. Del sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.62, for a total transaction 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 three months, insiders have sold 45,300 shares of company stock worth $2,280,618. 0.98% of the stock is owned by corporate insiders.

Shares of NCLH stock traded down $0.40 on Friday, hitting $51.82. The stock had a trading volume of 1,944,900 shares, compared to its average volume of 2,067,954. The stock’s 50 day moving average is $50.72 and its 200-day moving average is $52.15. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $39.36 and a 52-week high of $59.71.

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

Several research firms have recently issued reports on NCLH. Argus set a $68.00 price objective on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $55.00 price objective for the company. in a research report on Wednesday, October 30th. SunTrust Banks increased their price objective on shares of Norwegian Cruise Line from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup increased their price objective on shares of Norwegian Cruise Line from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Nomura reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $64.75.

Norwegian Cruise Line Company 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.

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

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