SG Americas Securities LLC cut its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 54.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,662 shares of the company’s stock after selling 12,773 shares during the quarter. SG Americas Securities LLC’s holdings in Norwegian Cruise Line were worth $504,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in Norwegian Cruise Line during the 2nd quarter valued at about $114,000. Federated Investors Inc. PA boosted its holdings in Norwegian Cruise Line by 41.0% during the 1st quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock valued at $214,000 after acquiring an additional 1,175 shares during the period. Allianz Asset Management GmbH purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at about $215,000. Signature Financial Management Inc. purchased a new stake in Norwegian Cruise Line during the 1st quarter valued at about $223,000. Finally, D.A. Davidson & CO. purchased a new stake in Norwegian Cruise Line in the 1st quarter worth approximately $227,000. Institutional investors own 88.85% of the company’s stock.

In other news, CEO Rio Frank J. Del sold 22,743 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $46.96, for a total value of $1,068,011.28. Following the completion of the transaction, the chief executive officer now owns 357,021 shares of the company’s stock, valued at approximately $16,765,706.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $49.10, for a total value of $523,258.70. Following the completion of the transaction, the chief executive officer now directly owns 324,286 shares of the company’s stock, valued at approximately $15,922,442.60. The disclosure for this sale can be found here. Insiders sold a total of 39,554 shares of company stock valued at $1,904,939 in the last three months. Corporate insiders own 0.98% of the company’s stock.

Several research firms have weighed in on NCLH. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Morgan Stanley dropped their price objective on Norwegian Cruise Line from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, June 5th. BidaskClub upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. JPMorgan Chase & Co. dropped their price objective on Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, August 10th. Finally, Stifel Nicolaus increased their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.18.

NASDAQ NCLH opened at $55.47 on Monday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $46.16 and a fifty-two week high of $61.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $1.02 EPS. The business’s revenue was up 13.2% on a year-over-year basis. equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

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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