Raymond James & Associates increased its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,425 shares of the company’s stock after purchasing an additional 7,850 shares during the quarter. Raymond James & Associates’ holdings in Norwegian Cruise Line were worth $4,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Bank of America Corp DE lifted its position in Norwegian Cruise Line by 940.3% during the fourth quarter. Bank of America Corp DE now owns 5,763,182 shares of the company’s stock worth $244,302,000 after purchasing an additional 5,209,207 shares during the period. Norges Bank bought a new stake in Norwegian Cruise Line during the fourth quarter worth about $131,353,000. Oregon Public Employees Retirement Fund lifted its position in Norwegian Cruise Line by 10,307.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock worth $55,000 after purchasing an additional 2,310,433 shares during the period. BlackRock Inc. lifted its position in Norwegian Cruise Line by 14.6% during the fourth quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock worth $605,627,000 after purchasing an additional 1,817,368 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in Norwegian Cruise Line during the first quarter worth about $36,433,000. 88.85% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $58.48, for a total value of $179,942.96. Following the completion of the transaction, the chief executive officer now owns 455,747 shares of the company’s stock, valued at $26,652,084.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Montague sold 10,805 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $57.50, for a total value of $621,287.50. Following the completion of the transaction, the chief executive officer now directly owns 92,993 shares of the company’s stock, valued at approximately $5,347,097.50. The disclosure for this sale can be found here. Insiders sold 20,036 shares of company stock valued at $1,146,131 in the last ninety days. 0.98% of the stock is currently owned by insiders.

NCLH stock opened at $54.30 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $39.36 and a 12 month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS.

Several research firms recently weighed in on NCLH. BidaskClub raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Co increased their target price on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Nomura increased their target price on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Buckingham Research increased their target price on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Norwegian Cruise Line currently has an average rating of “Buy” and an average target price of $66.62.

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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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Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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