Mn Services Vermogensbeheer B.V. Increases Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Mn Services Vermogensbeheer B.V. boosted its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 509.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,831 shares of the company’s stock after buying an additional 21,590 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Norwegian Cruise Line Holdings were worth $1,402,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Vanguard Group Inc. now owns 12,431,396 shares of the company’s stock worth $630,645,000 after buying an additional 434,493 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Norwegian Cruise Line Holdings by 14.3% in the first quarter. Janus Capital Management LLC now owns 8,019,411 shares of the company’s stock worth $406,820,000 after buying an additional 1,001,491 shares in the last quarter. BlackRock Inc. increased its stake in shares of Norwegian Cruise Line Holdings by 4,913.5% in the first quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after buying an additional 7,417,990 shares in the last quarter. State Street Corp increased its stake in shares of Norwegian Cruise Line Holdings by 2.6% in the first quarter. State Street Corp now owns 2,914,873 shares of the company’s stock worth $147,863,000 after buying an additional 73,722 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Norwegian Cruise Line Holdings by 564.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,291,967 shares of the company’s stock worth $97,478,000 after buying an additional 1,946,903 shares in the last quarter. Institutional investors own 85.69% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded down 0.71% during midday trading on Friday, hitting $55.78. The stock had a trading volume of 1,434,778 shares. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $34.16 and a 1-year high of $61.48. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 18.85 and a beta of 1.16. The company has a 50-day moving average of $55.63 and a 200-day moving average of $52.02.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $0.85 EPS. Norwegian Cruise Line Holdings’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post $4.00 EPS for the current year.

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A number of analysts have commented on NCLH shares. Wedbush raised their price objective on Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Wednesday, April 26th. BidaskClub downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Buckingham Research raised their price objective on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, UBS AG restated a “neutral” rating and set a $60.00 target price (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and an average price target of $57.94.

In other news, CEO Jason Montague sold 15,000 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at approximately $3,878,979.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Insiders sold a total of 5,651,807 shares of company stock valued at $308,444,915 over the last quarter. 0.98% of the stock is owned by corporate insiders.

About Norwegian Cruise Line Holdings

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.

Institutional Ownership by Quarter for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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