Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Boosted by Gateway Investment Advisers LLC
Gateway Investment Advisers LLC grew its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 57.7% during the 4th quarter, Holdings Channel reports. The firm owned 176,543 shares of the company’s stock after buying an additional 64,598 shares during the period. Gateway Investment Advisers LLC’s holdings in Norwegian Cruise Line were worth $9,401,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Aviance Capital Management LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter worth about $103,000. Toronto Dominion Bank lifted its stake in Norwegian Cruise Line by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after acquiring an additional 216 shares in the last quarter. BB&T Investment Services Inc. acquired a new position in Norwegian Cruise Line during the 2nd quarter worth about $121,000. Campbell & CO Investment Adviser LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter worth about $202,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Norwegian Cruise Line by 1.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock worth $222,000 after acquiring an additional 77 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Jason Montague sold 15,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $59.43 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $45.15 and a 1-year high of $61.48. The company has a market capitalization of $13,580.00, a PE ratio of 18.57, a PEG ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. sell-side analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.
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About Norwegian Cruise Line
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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