California State Teachers Retirement System Sells 2,222 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

California State Teachers Retirement System reduced its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 296,552 shares of the company’s stock after selling 2,222 shares during the period. California State Teachers Retirement System owned about 0.13% of Norwegian Cruise Line worth $16,029,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Norwegian Cruise Line by 3.5% in the second quarter. Vanguard Group Inc. now owns 12,863,375 shares of the company’s stock valued at $698,352,000 after buying an additional 431,979 shares in the last quarter. Capital International Investors boosted its position in Norwegian Cruise Line by 2.3% in the second quarter. Capital International Investors now owns 10,443,697 shares of the company’s stock valued at $566,988,000 after buying an additional 237,338 shares in the last quarter. Capital World Investors boosted its position in Norwegian Cruise Line by 6.0% in the second quarter. Capital World Investors now owns 10,004,516 shares of the company’s stock valued at $543,145,000 after buying an additional 569,196 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Norwegian Cruise Line by 2,659.1% during the second quarter. Janus Henderson Group PLC now owns 7,409,748 shares of the company’s stock worth $402,275,000 after purchasing an additional 7,141,190 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in shares of Norwegian Cruise Line by 106.1% during the third quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after purchasing an additional 1,848,761 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

NCLH has been the topic of a number of research reports. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price (down from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Monday, November 27th. Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price on the stock. in a research report on Thursday, November 30th. Finally, Barclays upped their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $63.07.

In other Norwegian Cruise Line news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) opened at $54.14 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The firm has a market cap of $12,330.00, a P/E ratio of 15.23, a P/E/G ratio of 0.59 and a beta of 1.09. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $42.04 and a 12 month high of $61.48.

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

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About Norwegian Cruise Line

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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