6,180 Shares in Norwegian Cruise Line Holdings Ltd. (NCLH) Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,180 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCLH. Piedmont Investment Advisors LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $114,000. Federated Investors Inc. PA grew its position in shares of Norwegian Cruise Line by 41.0% in the first quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock valued at $214,000 after purchasing an additional 1,175 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at approximately $215,000. Timber Hill LLC purchased a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $222,000. Finally, IBM Retirement Fund purchased a new stake in shares of Norwegian Cruise Line in the first quarter valued at approximately $234,000. 88.85% of the stock is owned by institutional investors.

Shares of NCLH traded up $0.08 during midday trading on Friday, hitting $50.70. 3,273,154 shares of the stock were exchanged, compared to its average volume of 1,943,585. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $46.16 and a 52-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 posted its quarterly earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.02 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.

In other news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $51.72, for a total transaction of $159,142.44. Following the sale, the chief executive officer now owns 310,552 shares in the company, valued at $16,061,749.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 10,657 shares of Norwegian Cruise Line stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $49.10, for a total value of $523,258.70. Following the sale, the chief executive officer now owns 324,286 shares in the company, valued at approximately $15,922,442.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,888 shares of company stock worth $1,009,209. 0.98% of the stock is owned by insiders.

Several research analysts recently weighed in on the company. BidaskClub upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Nomura lowered their price objective on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, August 10th. 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 research report on Friday, August 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday. Finally, Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.91.

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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