Boothbay Fund Management LLC Takes $367,000 Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Boothbay Fund Management LLC bought a new position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,798 shares of the company’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aviance Capital Management LLC acquired a new position in Norwegian Cruise Line during the 2nd quarter valued at approximately $103,000. Toronto Dominion Bank boosted its position in Norwegian Cruise Line by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares during the period. BB&T Investment Services Inc. acquired a new position in Norwegian Cruise Line during the 2nd quarter valued at approximately $121,000. Pacer Advisors Inc. acquired a new position in Norwegian Cruise Line during the 2nd quarter valued at approximately $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Norwegian Cruise Line during the 3rd quarter valued at approximately $202,000. Institutional investors own 89.02% of the company’s stock.

In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.08, for a total value of $826,200.00. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) opened at $55.03 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $42.04 and a 12-month high of $61.48. The stock has a market capitalization of $12,572.37, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. sell-side analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. Goldman Sachs Group restated a “neutral” rating and set a $64.00 price objective (up previously from $60.00) on shares of Norwegian Cruise Line in a research report on Tuesday, August 15th. Argus assumed coverage on Norwegian Cruise Line in a research report on Wednesday, October 25th. They set a “buy” rating and a $68.00 price objective for the company. Wedbush set a $65.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Sunday, November 12th. Barclays boosted their price objective on Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Finally, Morgan Stanley boosted their price objective on Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Norwegian Cruise Line presently has an average rating of “Hold” and a consensus price target of $63.07.

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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.

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

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