Castleark Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,140 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors have also made changes to their positions in the stock. Nomura Holdings Inc. grew its stake in Norwegian Cruise Line Holdings by 12,290.0% in the second quarter. Nomura Holdings Inc. now owns 498,202 shares of the company’s stock worth $27,060,000 after purchasing an additional 494,181 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Norwegian Cruise Line Holdings in the second quarter worth $287,000. Cubist Systematic Strategies LLC grew its stake in Norwegian Cruise Line Holdings by 57.7% in the second quarter. Cubist Systematic Strategies LLC now owns 46,252 shares of the company’s stock worth $2,511,000 after purchasing an additional 16,922 shares during the period. MIG Capital LLC grew its stake in Norwegian Cruise Line Holdings by 5.4% in the second quarter. MIG Capital LLC now owns 689,000 shares of the company’s stock worth $37,406,000 after purchasing an additional 35,024 shares during the period. Finally, CWH Capital Management Inc. grew its stake in Norwegian Cruise Line Holdings by 1.6% in the second quarter. CWH Capital Management Inc. now owns 123,610 shares of the company’s stock worth $6,711,000 after purchasing an additional 1,960 shares during the period. Institutional investors own 85.65% of the company’s stock.

NCLH has been the topic of several recent research reports. Zacks Investment Research cut Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. UBS AG reaffirmed a “neutral” rating and issued a $60.00 price target (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $69.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Thursday, October 12th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Norwegian Cruise Line Holdings presently has a consensus rating of “Hold” and an average target price of $60.00.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded down 0.44% during midday trading on Tuesday, hitting $58.66. The stock had a trading volume of 87,206 shares. The company’s 50 day moving average price is $56.56 and its 200-day moving average price is $54.03. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $35.21 and a 52-week high of $61.48. The stock has a market cap of $13.38 billion, a PE ratio of 19.82 and a beta of 1.12.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results 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 return on equity of 16.65% and a net margin of 13.22%. The business 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 business posted $0.85 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $3.98 EPS for the current fiscal year.

In other news, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total value of $689,764.94. Following the transaction, the executive vice president now directly owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

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Norwegian Cruise Line Holdings 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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