Engineers Gate Manager LP raised its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 562.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 55,440 shares of the company’s stock after acquiring an additional 47,075 shares during the period. Engineers Gate Manager LP’s holdings in Norwegian Cruise Line were worth $2,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Aviance Capital Management LLC acquired a new stake in Norwegian Cruise Line in the 2nd quarter valued at $103,000. Toronto Dominion Bank increased its holdings in Norwegian Cruise Line by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in Norwegian Cruise Line in the 2nd quarter valued at about $121,000. Pacer Advisors Inc. purchased a new position in Norwegian Cruise Line in the 2nd quarter valued at about $197,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Norwegian Cruise Line in the 3rd quarter valued at about $202,000. Institutional investors own 89.02% of the company’s stock.

A number of equities analysts have weighed in on NCLH shares. Buckingham Research upped their price objective on shares of Norwegian Cruise Line from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Nomura increased their price target on shares of Norwegian Cruise Line 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 in a research report on Thursday, August 10th. Argus initiated coverage on shares of Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price target on the stock. Finally, Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Norwegian Cruise Line has a consensus rating of “Hold” and an average target price of $63.07.

In related news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded down $0.02 during midday trading on Thursday, reaching $54.31. 1,167,900 shares of the company’s stock were exchanged, compared to its average volume of 1,869,910. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $41.08 and a 1 year high of $61.48. The company has a market capitalization of $12,412.44, a PE ratio of 14.89, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $1.62 earnings per share. Norwegian Cruise Line’s revenue was up 11.2% compared to the same quarter last year. research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.

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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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