Principal Financial Group Inc. boosted its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 57.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,845 shares of the company’s stock after buying an additional 8,670 shares during the period. Principal Financial Group Inc.’s holdings in Norwegian Cruise Line Holdings were worth $1,210,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $116,000. Acadian Asset Management LLC purchased a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $146,000. Ameritas Investment Partners Inc. purchased a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $203,000. Teza Capital Management LLC purchased a new position in Norwegian Cruise Line Holdings during the first quarter valued at about $215,000. Finally, Mn Services Vermogensbeheer B.V. increased 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 valued at $201,000 after buying an additional 266 shares in the last quarter. 85.69% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded down 0.71% during mid-day trading on Friday, reaching $55.78. 1,434,778 shares of the company’s stock were exchanged. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $34.16 and a 1-year high of $61.48. The firm’s 50-day moving average is $55.63 and its 200 day moving average is $52.02. The stock has a market capitalization of $12.73 billion, a PE ratio of 18.85 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $4.00 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the company. Deutsche Bank AG increased their price target on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Buckingham Research increased their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Nomura increased their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Finally, Barclays PLC increased their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.94.

In other news, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total value of $689,764.94. Following the transaction, the executive vice president now owns 42,195 shares of the company’s stock, valued at approximately $2,465,031.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at approximately $3,878,979.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,651,807 shares of company stock worth $308,444,915. 0.98% of the stock is owned by corporate 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.

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

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