Fred Alger Management Inc. bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,166,183 shares of the company’s stock, valued at approximately $63,312,000. Fred Alger Management Inc. owned 0.51% of Norwegian Cruise Line Holdings as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NCLH. BlackRock Inc. increased its position in Norwegian Cruise Line Holdings by 4,913.5% during the 1st quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after purchasing an additional 7,417,990 shares in the last quarter. Janus Capital Management LLC raised its holdings in Norwegian Cruise Line Holdings by 14.3% in the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock valued at $406,820,000 after buying an additional 1,001,491 shares during the period. Dimensional Fund Advisors LP raised its holdings in Norwegian Cruise Line Holdings by 71.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,802,173 shares of the company’s stock valued at $91,427,000 after buying an additional 752,126 shares during the period. Capital World Investors raised its holdings in Norwegian Cruise Line Holdings by 6.0% in the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock valued at $543,145,000 after buying an additional 569,196 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Norwegian Cruise Line Holdings during the second quarter valued at approximately $28,158,000. Institutional investors and hedge funds own 85.80% of the company’s stock.

Several research firms have issued reports on NCLH. Berenberg Bank reiterated a “buy” rating and set a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 target price on the stock. Deutsche Bank AG lifted their target price on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $64.00 target price (up previously from $60.00) on shares of Norwegian Cruise Line Holdings in a report on Tuesday, August 15th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $57.94.

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Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded up 2.08% during mid-day trading on Wednesday, hitting $55.87. The stock had a trading volume of 338,236 shares. The company has a market cap of $12.75 billion, a PE ratio of 18.88 and a beta of 1.12. Norwegian Cruise Line Holdings Ltd. has a one year low of $35.21 and a one year high of $61.48. The firm’s 50 day moving average price is $56.23 and its 200-day moving average price is $53.59.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.85 EPS. Norwegian Cruise Line Holdings’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.98 earnings per share for the current fiscal year.

In related news, EVP Harry Sommer sold 11,807 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings 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 Holdings (NASDAQ:NCLH)

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