Parametric Portfolio Associates LLC Buys 46,889 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Parametric Portfolio Associates LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 7.3% during the third quarter, Holdings Channel.com reports. The fund owned 690,922 shares of the company’s stock after buying an additional 46,889 shares during the period. Parametric Portfolio Associates LLC’s holdings in Norwegian Cruise Line were worth $35,769,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NCLH. Motco grew its stake in Norwegian Cruise Line by 168.8% in the third quarter. Motco now owns 500 shares of the company’s stock valued at $26,000 after purchasing an additional 314 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Norwegian Cruise Line by 993.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 864 shares of the company’s stock valued at $43,000 after buying an additional 785 shares during the last quarter. CSat Investment Advisory L.P. boosted its holdings in shares of Norwegian Cruise Line by 100.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 876 shares of the company’s stock valued at $47,000 after buying an additional 438 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Norwegian Cruise Line by 53.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after buying an additional 820 shares during the last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Norwegian Cruise Line in the second quarter valued at $135,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Buckingham Research raised shares of Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $61.00 in a research report on Friday, August 9th. Morgan Stanley set a $59.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research report on Monday. Wedbush set a $65.00 price objective on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Macquarie set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Norwegian Cruise Line currently has an average rating of “Buy” and a consensus price target of $64.81.

NASDAQ:NCLH opened at $53.15 on Tuesday. The firm’s fifty day moving average price is $52.02 and its two-hundred day moving average price is $51.69. Norwegian Cruise Line Holdings Ltd. has a one year low of $39.36 and a one year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 7th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS.

In other news, CEO Andrew Stuart sold 245,364 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $53.49, for a total transaction of $13,124,520.36. Also, CEO Rio Frank J. Del sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 408,407 shares in the company, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,364 shares of company stock worth $13,753,202. 0.98% of the stock is owned by company insiders.

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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