TD Asset Management Inc. Sells 32,673 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

TD Asset Management Inc. reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 536,969 shares of the company’s stock after selling 32,673 shares during the period. TD Asset Management Inc. owned 0.25% of Norwegian Cruise Line worth $28,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NCLH. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Norwegian Cruise Line in the 1st quarter valued at about $89,000. Exane Derivatives boosted its stake in Norwegian Cruise Line by 41.3% during the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after acquiring an additional 504 shares during the last quarter. NEXT Financial Group Inc boosted its stake in Norwegian Cruise Line by 53.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock worth $126,000 after acquiring an additional 820 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Norwegian Cruise Line by 240.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the company’s stock worth $187,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Horizon Investments LLC bought a new position in Norwegian Cruise Line during the 1st quarter worth approximately $208,000. 88.85% of the stock is owned by institutional investors and hedge funds.

NCLH traded up $0.82 during trading on Friday, reaching $49.93. 31,387 shares of the stock were exchanged, compared to its average volume of 2,207,969. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month high of $59.71. The stock’s 50 day moving average price is $49.82 and its two-hundred day moving average price is $53.75.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, August 8th. The company reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. Norwegian Cruise Line’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share.

In other Norwegian Cruise Line news, CEO Andrew Stuart sold 22,051 shares of Norwegian Cruise Line stock in a transaction on Friday, June 14th. The shares were sold at an average price of $54.00, for a total transaction of $1,190,754.00. Following the completion of the transaction, the chief executive officer now directly owns 393,192 shares of the company’s stock, valued at $21,232,368. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 22,743 shares of Norwegian Cruise Line stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the transaction, the chief executive officer now directly owns 434,837 shares of the company’s stock, valued at $23,146,373.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,870 shares of company stock worth $3,647,499. 0.98% of the stock is owned by corporate insiders.

Several analysts have commented on NCLH shares. Deutsche Bank dropped their target price on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Morgan Stanley set a $59.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, August 9th. BidaskClub upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday. UBS Group lifted their price objective on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Finally, Bank of America reiterated a “buy” rating and issued a $66.00 price objective (down from $72.00) on shares of Norwegian Cruise Line in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.57.

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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