Bank of Montreal Can cut its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,368 shares of the company’s stock after selling 1,795 shares during the period. Bank of Montreal Can’s holdings in Norwegian Cruise Line Holdings were worth $1,594,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $116,000. Acadian Asset Management LLC purchased a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $146,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock worth $201,000 after buying an additional 266 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $203,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth $204,000. Institutional investors own 85.69% of the company’s stock.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded up 1.34% on Wednesday, reaching $58.22. The company had a trading volume of 441,596 shares. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $34.16 and a 12 month high of $61.48. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 19.68 and a beta of 1.16. The stock has a 50 day moving average price of $55.45 and a 200-day moving average price of $51.90.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.97 EPS for the current fiscal year.

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NCLH has been the subject of a number of research reports. Wedbush reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, April 26th. Buckingham Research upped their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Nomura upped their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Bank of America Corporation began coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $65.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.94.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Monday, June 19th. The stock was sold at an average price of $53.26, for a total transaction of $798,900.00. Following the sale, the chief executive officer now owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by insiders.

About Norwegian Cruise Line Holdings

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 Holdings (NASDAQ:NCLH)

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