BB&T Securities LLC reduced its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 80.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,609 shares of the company’s stock after selling 535,159 shares during the period. BB&T Securities LLC owned approximately 0.06% of Norwegian Cruise Line Holdings worth $7,036,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at $116,000. Acadian Asset Management LLC bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at $146,000. Mn Services Vermogensbeheer B.V. raised its position in Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock valued at $201,000 after buying an additional 266 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at $203,000. Finally, Nomura Holdings Inc. bought a new position in Norwegian Cruise Line Holdings during the first quarter valued at $204,000. Hedge funds and other institutional investors own 85.69% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 55.78 on Monday. The stock’s 50 day moving average is $55.63 and its 200 day moving average is $52.02. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 18.85 and a beta of 1.16. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $34.16 and a 52 week high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted 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. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts expect that Norwegian Cruise Line Holdings Ltd. will post $4.00 EPS for the current year.

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NCLH has been the topic of several research reports. Wedbush reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Saturday, May 13th. Zacks Investment Research upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, April 26th. Buckingham Research upped their price objective on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Nomura upped their price objective on shares of Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Bank of America Corporation initiated coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Norwegian Cruise Line Holdings presently has a consensus rating of “Buy” and a consensus price target of $57.94.

In other news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the sale, the chief executive officer now directly owns 72,831 shares in the company, valued at $3,878,979.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. Insiders sold 5,651,807 shares of company stock worth $308,444,915 over the last quarter. 0.98% of the stock is owned by corporate insiders.

Norwegian Cruise Line Holdings 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 Holdings (NASDAQ:NCLH)

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