Stifel Financial Corp Grows Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Stifel Financial Corp grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,269 shares of the company’s stock after acquiring an additional 4,902 shares during the quarter. Stifel Financial Corp’s holdings in Norwegian Cruise Line were worth $2,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors increased its stake in Norwegian Cruise Line by 49.4% in the third quarter. Capital World Investors now owns 15,620,156 shares of the company’s stock valued at $897,066,000 after purchasing an additional 5,168,349 shares during the last quarter. BlackRock Inc. grew its stake in shares of Norwegian Cruise Line by 14.6% in the fourth quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock valued at $605,627,000 after buying an additional 1,817,368 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Norwegian Cruise Line by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 4,322,854 shares of the company’s stock valued at $248,261,000 after purchasing an additional 840,511 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Norwegian Cruise Line by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock valued at $138,134,000 after purchasing an additional 174,266 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Norwegian Cruise Line by 9.9% in the fourth quarter. Northern Trust Corp now owns 2,347,132 shares of the company’s stock valued at $99,496,000 after purchasing an additional 211,801 shares during the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on NCLH shares. Zacks Investment Research downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, January 11th. BidaskClub upgraded Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, February 22nd. Deutsche Bank restated a “buy” rating and issued a $65.00 target price on shares of Norwegian Cruise Line in a research report on Wednesday, January 16th. Finally, TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b-” rating in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $64.92.

Shares of NCLH stock traded down $0.92 during mid-day trading on Friday, hitting $56.92. 2,784,603 shares of the stock traded hands, compared to its average volume of 2,109,352. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year.

In other news, CEO Andrew Stuart sold 42,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the sale, the chief executive officer now directly owns 389,434 shares of the company’s stock, valued at approximately $21,788,832.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $52.70, for a total value of $162,157.90. Following the sale, the chief executive officer now directly owns 292,090 shares of the company’s stock, valued at $15,393,143. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,738 shares of company stock valued at $6,114,261. Corporate insiders own 0.98% of the company’s stock.

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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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