HGI Capital Management LLC Buys 9,189 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

HGI Capital Management LLC increased its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 7.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,867 shares of the company’s stock after acquiring an additional 9,189 shares during the quarter. Norwegian Cruise Line makes up 3.4% of HGI Capital Management LLC’s holdings, making the stock its 3rd largest holding. HGI Capital Management LLC owned about 0.06% of Norwegian Cruise Line worth $7,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jaffetilchin Investment Partners LLC purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at $241,000. Meeder Asset Management Inc. grew its holdings in shares of Norwegian Cruise Line by 126.5% during the first quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock valued at $1,617,000 after buying an additional 16,435 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Norwegian Cruise Line by 2.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 37,648 shares of the company’s stock valued at $2,069,000 after buying an additional 1,015 shares in the last quarter. Sheets Smith Wealth Management purchased a new position in shares of Norwegian Cruise Line during the first quarter valued at $344,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Norwegian Cruise Line by 177.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,254 shares of the company’s stock valued at $6,060,000 after buying an additional 70,554 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 22,743 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $53.23, for a total value of $1,210,609.89. Following the transaction, the chief executive officer now owns 434,837 shares in the company, valued at $23,146,373.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Montague sold 10,805 shares of the business’s stock in a transaction dated 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 owns 92,993 shares in the company, valued at approximately $5,347,097.50. The disclosure for this sale can be found here. Insiders sold 81,752 shares of company stock worth $4,442,698 in the last 90 days. Corporate insiders own 0.98% of the company’s stock.

NCLH has been the topic of a number of research analyst reports. Buckingham Research downgraded Norwegian Cruise Line from a “buy” rating to a “neutral” rating and lowered their price target for the company from $77.00 to $56.00 in a report on Wednesday, June 5th. Morgan Stanley lowered their price target on Norwegian Cruise Line from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. UBS Group lifted their price target on Norwegian Cruise Line from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Wells Fargo & Co lifted their price target on Norwegian Cruise Line from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Finally, Nomura lifted their price target on Norwegian Cruise Line from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.46.

NASDAQ NCLH traded up $0.12 on Tuesday, reaching $46.17. The stock had a trading volume of 54,778 shares, compared to its average volume of 2,146,833. The firm has a 50 day simple moving average of $50.42. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $39.36 and a 1 year high of $59.71.

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

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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