Point72 Asset Management L.P. Sells 445,709 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

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Point72 Asset Management L.P. lessened its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 69.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,900 shares of the company’s stock after selling 445,709 shares during the quarter. Point72 Asset Management L.P.’s holdings in Norwegian Cruise Line were worth $9,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in Norwegian Cruise Line during the 2nd quarter valued at $114,000. Federated Investors Inc. PA lifted its holdings in shares of 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 purchasing an additional 1,175 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at $215,000. Timber Hill LLC purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter valued at $222,000. Finally, Signature Financial Management Inc. purchased a new stake in shares of Norwegian Cruise Line during the 1st quarter valued at $223,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

NCLH has been the subject of several analyst reports. JPMorgan Chase & Co. decreased 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. BidaskClub upgraded Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Nomura decreased their price objective on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 10th. Finally, Morgan Stanley decreased 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.18.

Shares of NCLH opened at $55.47 on Friday. 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 Holdings Ltd. has a 12 month low of $46.16 and a 12 month high of $61.18.

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

In related news, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $51.72, for a total value of $159,142.44. Following the completion of the transaction, the chief executive officer now owns 310,552 shares in the company, valued at approximately $16,061,749.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del sold 22,743 shares of the firm’s stock in a transaction 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 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 90 days. 0.98% of the stock is currently owned by company insiders.

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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