Emerald Advisers LLC Acquires Shares of 17,226 Norwegian Cruise Line Holdings Ltd. (NCLH)
Emerald Advisers LLC acquired a new position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,226 shares of the company’s stock, valued at approximately $730,000.
Several other hedge funds have also modified their holdings of NCLH. Sterling Investment Advisors Ltd. bought a new stake in shares of Norwegian Cruise Line in the 4th quarter worth approximately $42,000. Parallel Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 273.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,976 shares of the company’s stock valued at $113,000 after purchasing an additional 1,447 shares during the period. First Bank & Trust lifted its stake in shares of Norwegian Cruise Line by 129.9% in the 4th quarter. First Bank & Trust now owns 2,814 shares of the company’s stock valued at $119,000 after purchasing an additional 1,590 shares during the period. We Are One Seven LLC purchased a new position in shares of Norwegian Cruise Line in the 4th quarter valued at approximately $122,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Norwegian Cruise Line in the 3rd quarter valued at approximately $146,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.
In other news, CEO Rio Frank J. Del sold 6,154 shares of the business’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $50.44, for a total value of $310,407.76. Following the completion of the transaction, the chief executive officer now owns 295,767 shares in the company, valued at $14,918,487.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $50.23, for a total value of $154,557.71. Following the completion of the transaction, the chief executive officer now owns 301,321 shares of the company’s stock, valued at approximately $15,135,353.83. The disclosure for this sale can be found here. Insiders have sold 15,744,513 shares of company stock valued at $795,081,886 in the last quarter. 0.98% of the stock is owned by company insiders.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 8th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.06. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS.
NCLH has been the subject of a number of research analyst reports. Citigroup lowered their target price on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, November 19th. Sanford C. Bernstein upgraded Norwegian Cruise Line from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. BidaskClub cut Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. TheStreet cut Norwegian Cruise Line from a “b-” rating to a “c+” rating in a research note on Monday, January 7th. Finally, Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 target price for the company in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.18.
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Norwegian Cruise Line 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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