Palouse Capital Management Inc. Has $2.15 Million Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)

Palouse Capital Management Inc. cut its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,724 shares of the company’s stock after selling 1,884 shares during the quarter. Palouse Capital Management Inc.’s holdings in Norwegian Cruise Line Holdings were worth $2,147,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NCLH. Aviance Capital Management LLC acquired a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter valued at about $103,000. Toronto Dominion Bank lifted its holdings in shares of Norwegian Cruise Line Holdings by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after buying an additional 216 shares during the period. BB&T Investment Services Inc. acquired a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter valued at about $121,000. Pacer Advisors Inc. acquired a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter valued at about $197,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Norwegian Cruise Line Holdings by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 85.73% of the company’s stock.

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In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.57, for a total transaction of $306,956,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS.

NCLH has been the subject of several analyst reports. BidaskClub cut Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Bank of America Corporation initiated coverage on Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 price target for the company. Nomura lifted their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Buckingham Research lifted their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG boosted their price objective on Norwegian Cruise Line Holdings from $53.00 to $59.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.47.

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.

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

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