Daiwa Securities Group Inc. reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 23.0% during the second quarter, Holdings Channel reports. The firm owned 11,400 shares of the company’s stock after selling 3,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Norwegian Cruise Line Holdings were worth $619,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. NGAM Advisors L.P. boosted its position in shares of Norwegian Cruise Line Holdings by 6.1% in the second quarter. NGAM Advisors L.P. now owns 75,216 shares of the company’s stock valued at $4,083,000 after buying an additional 4,302 shares during the period. Boston Advisors LLC boosted its position in shares of Norwegian Cruise Line Holdings by 88.2% in the second quarter. Boston Advisors LLC now owns 8,035 shares of the company’s stock valued at $436,000 after buying an additional 3,765 shares during the period. Parametrica Management Ltd acquired a new position in shares of Norwegian Cruise Line Holdings during the second quarter valued at about $398,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in shares of Norwegian Cruise Line Holdings during the second quarter valued at about $3,426,000. Finally, BB&T Corp boosted its position in shares of Norwegian Cruise Line Holdings by 1.2% in the second quarter. BB&T Corp now owns 128,593 shares of the company’s stock valued at $6,982,000 after buying an additional 1,554 shares during the period. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 56.77 on Friday. The stock’s 50 day moving average is $55.31 and its 200 day moving average is $51.71. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $34.16 and a 52-week high of $61.48. The firm has a market capitalization of $12.95 billion, a PE ratio of 19.19 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.96 EPS for the current year.

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Several brokerages have issued reports on NCLH. UBS AG restated a “neutral” rating and issued a $60.00 price target (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday. Barclays PLC upped their price target on shares of Norwegian Cruise Line Holdings from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus restated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research report on Thursday. Deutsche Bank AG upped their price target on shares of Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Buckingham Research upped their price target on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.94.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $53.26, for a total transaction of $798,900.00. Following the transaction, the chief executive officer now directly owns 72,831 shares of the company’s stock, valued at approximately $3,878,979.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by insiders.

About Norwegian Cruise Line Holdings

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 Holdings (NASDAQ:NCLH)

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