Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Position Increased by Ladenburg Thalmann Financial Services Inc.

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Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 25.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,229 shares of the company’s stock after purchasing an additional 2,669 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Norwegian Cruise Line were worth $707,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Phocas Financial Corp. bought a new stake in Norwegian Cruise Line during the second quarter valued at $13,509,000. California Public Employees Retirement System increased its stake in Norwegian Cruise Line by 8.3% during the second quarter. California Public Employees Retirement System now owns 319,090 shares of the company’s stock valued at $17,113,000 after purchasing an additional 24,334 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Norwegian Cruise Line by 39.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,693 shares of the company’s stock valued at $359,000 after purchasing an additional 1,904 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Norwegian Cruise Line during the second quarter valued at $4,818,000. Finally, Voleon Capital Management LP bought a new stake in Norwegian Cruise Line during the second quarter valued at $4,183,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Several research firms have weighed in on NCLH. BidaskClub lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Citigroup boosted their target price on shares of Norwegian Cruise Line from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Bank of America reiterated a “buy” rating and set a $66.00 target price (down previously from $72.00) on shares of Norwegian Cruise Line in a research note on Friday, August 9th. Buckingham Research upgraded shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and boosted their target price for the company from $56.00 to $61.00 in a research note on Friday, August 9th. Finally, Deutsche Bank lowered their target price on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $65.20.

In related news, CEO Rio Frank J. Del sold 4,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.62, for a total value of $214,480.00. Following the completion of the sale, the chief executive officer now owns 408,407 shares of the company’s stock, valued at $21,898,783.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Stuart sold 25,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the completion of the sale, the chief executive officer now directly owns 356,873 shares of the company’s stock, valued at approximately $17,847,218.73. The disclosure for this sale can be found here. Insiders sold 41,300 shares of company stock valued at $2,079,976 in the last ninety days. Corporate insiders own 0.98% of the company’s stock.

Shares of NCLH opened at $49.16 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $39.36 and a 1 year high of $59.71. The firm has a fifty day moving average of $51.27 and a 200-day moving average of $52.95.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.21 EPS.

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

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