Norwegian Cruise Line Holdings Ltd. (NCLH) Position Cut by Bokf Na

Bokf Na reduced its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 13.0% in the 4th quarter, Holdings Channel reports. The firm owned 68,873 shares of the company’s stock after selling 10,289 shares during the period. Bokf Na’s holdings in Norwegian Cruise Line were worth $2,920,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Cadence Capital Management LLC purchased a new stake in Norwegian Cruise Line in the third quarter valued at approximately $234,000. Commonwealth Equity Services LLC lifted its stake in Norwegian Cruise Line by 65.1% in the third quarter. Commonwealth Equity Services LLC now owns 13,924 shares of the company’s stock valued at $799,000 after buying an additional 5,488 shares during the last quarter. SG Americas Securities LLC lifted its stake in Norwegian Cruise Line by 730.1% in the third quarter. SG Americas Securities LLC now owns 88,505 shares of the company’s stock valued at $5,083,000 after buying an additional 77,843 shares during the last quarter. Toronto Dominion Bank lifted its stake in Norwegian Cruise Line by 93.7% in the third quarter. Toronto Dominion Bank now owns 289,193 shares of the company’s stock valued at $16,607,000 after buying an additional 139,929 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Norwegian Cruise Line by 8.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 34,577 shares of the company’s stock valued at $1,986,000 after buying an additional 2,709 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

In related news, insider Harry Sommer sold 31,138 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $55.01, for a total transaction of $1,712,901.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $52.70, for a total value of $162,157.90. Following the transaction, the chief executive officer now directly owns 292,090 shares in the company, valued at approximately $15,393,143. The disclosure for this sale can be found here. Insiders have sold 104,584 shares of company stock worth $5,763,329 in the last ninety days. 0.98% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on NCLH. Wolfe Research set a $64.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Tuesday, December 11th. BidaskClub raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Sanford C. Bernstein raised Norwegian Cruise Line from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Wedbush boosted their target price on Norwegian Cruise Line from $44.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 22nd. Finally, Citigroup dropped their target price on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average target price of $64.92.

NASDAQ:NCLH opened at $55.16 on Friday. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $39.36 and a 12-month high of $58.09.

Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.06. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis.

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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.

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

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