Nicholas Investment Partners LP Buys Shares of 91,101 Norwegian Cruise Line Holdings Ltd. (NCLH)

Nicholas Investment Partners LP bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,101 shares of the company’s stock, valued at approximately $4,924,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Norwegian Cruise Line by 3.5% during the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock valued at $698,352,000 after purchasing an additional 431,979 shares during the last quarter. Capital International Investors lifted its stake in Norwegian Cruise Line by 2.3% during the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock valued at $566,988,000 after purchasing an additional 237,338 shares during the last quarter. Capital World Investors lifted its stake in Norwegian Cruise Line by 6.0% during the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock valued at $543,145,000 after purchasing an additional 569,196 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Norwegian Cruise Line by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock valued at $402,275,000 after purchasing an additional 7,141,190 shares during the last quarter. Finally, DSM Capital Partners LLC lifted its stake in Norwegian Cruise Line by 106.1% during the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock valued at $194,135,000 after purchasing an additional 1,848,761 shares during the last quarter. 89.02% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on NCLH. Deutsche Bank upped their price target on shares of Norwegian Cruise Line from $53.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Buckingham Research upped their price target 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 upped their price target on shares of Norwegian Cruise Line from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $69.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $63.07.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $55.41 on Tuesday. The firm has a market cap of $12,522.11, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.58 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 Holdings Ltd. has a 12 month low of $39.48 and a 12 month high of $61.48.

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

In other Norwegian Cruise Line news, CEO Jason Montague sold 15,000 shares of the company’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 value 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 company’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 corporate insiders.

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

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