Invictus RG raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 1,301.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,075 shares of the company’s stock after buying an additional 4,713 shares during the period. Invictus RG’s holdings in Norwegian Cruise Line were worth $274,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Norwegian Cruise Line by 2,659.1% in the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after purchasing an additional 7,141,190 shares during the period. DSM Capital Partners LLC boosted its position in shares of 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 worth $194,135,000 after acquiring an additional 1,848,761 shares during the last quarter. Capital Growth Management LP bought a new position in shares of Norwegian Cruise Line during the third quarter worth $65,941,000. Fred Alger Management Inc. bought a new position in shares of Norwegian Cruise Line during the second quarter worth $63,312,000. Finally, Columbus Circle Investors purchased a new stake in Norwegian Cruise Line during the third quarter valued at $44,026,000. 88.85% of the stock is owned by institutional investors and hedge funds.
Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded down $0.36 during trading hours on Friday, hitting $53.25. 892,415 shares of the stock traded hands, compared to its average volume of 2,010,000. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $42.04 and a 52-week high of $61.48. The stock has a market cap of $12,340.00, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.
A number of research firms recently issued reports on NCLH. Zacks Investment Research downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $69.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, October 12th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a research note on Monday, November 27th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, Macquarie cut shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price on the stock. in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.07.
In related news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.
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Norwegian Cruise Line 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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