Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 627,629 shares of the company’s stock after selling 54,987 shares during the period. Teacher Retirement System of Texas’ holdings in Norwegian Cruise Line were worth $34,494,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC acquired a new position in Norwegian Cruise Line in the 3rd quarter worth approximately $278,000. Neuberger Berman Group LLC increased its holdings in Norwegian Cruise Line by 39.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 436,637 shares of the company’s stock worth $25,076,000 after buying an additional 123,790 shares during the period. Legal & General Group Plc increased its holdings in Norwegian Cruise Line by 7.3% in the 3rd quarter. Legal & General Group Plc now owns 931,439 shares of the company’s stock worth $53,493,000 after buying an additional 63,663 shares during the period. Morgan Stanley increased its holdings in Norwegian Cruise Line by 83.3% in the 3rd quarter. Morgan Stanley now owns 466,649 shares of the company’s stock worth $26,799,000 after buying an additional 212,130 shares during the period. Finally, Retirement Systems of Alabama boosted its position in Norwegian Cruise Line by 9.1% in the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock worth $4,343,000 after purchasing an additional 8,505 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $52.70, for a total transaction of $162,157.90. Following the transaction, the chief executive officer now owns 292,090 shares in the company, valued at approximately $15,393,143. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rio Frank J. Del sold 10,656 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $54.86, for a total value of $584,588.16. Following the transaction, the chief executive officer now owns 484,117 shares in the company, valued at approximately $26,558,658.62. The disclosure for this sale can be found here. Insiders have sold a total of 104,584 shares of company stock worth $5,803,853 in the last quarter. Insiders own 0.98% of the company’s stock.



Several equities research analysts have commented on NCLH shares. TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Zacks Investment Research upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, February 26th. Deutsche Bank restated a “buy” rating and issued a $65.00 price objective on shares of Norwegian Cruise Line in a research report on Wednesday, January 16th. Morgan Stanley set a $64.00 price objective on Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, BidaskClub upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average target price of $67.00.

Shares of NASDAQ:NCLH opened at $55.88 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $39.36 and a 1 year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $0.60 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis.

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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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