Nuveen Asset Management LLC Increases Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Nuveen Asset Management LLC boosted its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,026 shares of the company’s stock after buying an additional 57,468 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.14% of Norwegian Cruise Line worth $13,481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. purchased a new stake in shares of Norwegian Cruise Line during the 4th quarter worth $42,000. Exane Derivatives lifted its position in Norwegian Cruise Line by 221.9% in the fourth quarter. Exane Derivatives now owns 1,220 shares of the company’s stock valued at $52,000 after acquiring an additional 841 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $79,000. First Mercantile Trust Co. raised its holdings in shares of Norwegian Cruise Line by 46.7% in the fourth quarter. First Mercantile Trust Co. now owns 1,980 shares of the company’s stock valued at $84,000 after buying an additional 630 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Norwegian Cruise Line by 15.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock valued at $93,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Wedbush boosted their price target on shares of Norwegian Cruise Line from $44.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 22nd. Sanford C. Bernstein upgraded shares of Norwegian Cruise Line from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. TheStreet upgraded shares of Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Finally, Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $64.92.

In other Norwegian Cruise Line news, insider Harry Sommer sold 31,138 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $55.01, for a total transaction of $1,712,901.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $52.70, for a total transaction of $162,157.90. Following the completion of the transaction, the chief executive officer now owns 292,090 shares in the company, valued at $15,393,143. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,661 shares of company stock valued at $5,934,318. Company insiders own 0.98% of the company’s stock.

NASDAQ:NCLH traded up $0.07 during trading hours on Monday, reaching $58.67. 1,905,547 shares of the company were exchanged, compared to its average volume of 2,099,945. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $39.36 and a 52-week high of $58.90.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. Norwegian Cruise Line’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS.

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About Norwegian Cruise Line

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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