Norwegian Cruise Line Holdings Ltd. (NCLH) Shares Bought by Tradition Capital Management LLC

Tradition Capital Management LLC lifted its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 28.9% in the 1st quarter, Holdings Channel reports. The firm owned 33,385 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Tradition Capital Management LLC’s holdings in Norwegian Cruise Line were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan purchased a new position in Norwegian Cruise Line during the 4th quarter worth approximately $881,000. Stifel Financial Corp raised its position in Norwegian Cruise Line by 10.6% during the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock worth $2,146,000 after buying an additional 4,902 shares during the last quarter. Meeder Asset Management Inc. raised its position in Norwegian Cruise Line by 126.5% during the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock worth $1,617,000 after buying an additional 16,435 shares during the last quarter. Retirement Systems of Alabama raised its position in Norwegian Cruise Line by 9.1% during the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock worth $4,343,000 after buying an additional 8,505 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Norwegian Cruise Line by 177.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,254 shares of the company’s stock worth $6,060,000 after buying an additional 70,554 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction on Friday, February 15th. The shares were sold at an average price of $52.70, for a total value of $162,157.90. Following the sale, the chief executive officer now owns 292,090 shares of the company’s stock, valued at approximately $15,393,143. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rio Frank J. Del sold 10,656 shares of Norwegian Cruise Line stock in a transaction on Monday, March 4th. The shares were sold at an average price of $54.86, for a total transaction of $584,588.16. Following the completion of the sale, the chief executive officer now directly owns 484,117 shares in the company, valued at approximately $26,558,658.62. The disclosure for this sale can be found here. Insiders sold a total of 104,584 shares of company stock worth $5,803,853 in the last three months. 0.98% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on NCLH. UBS Group lifted their target price on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Norwegian Cruise Line from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Buckingham Research lifted their target price on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, May 10th. Nomura lifted their target price on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Co lifted their target price on shares of Norwegian Cruise Line from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $67.00.

Shares of NASDAQ:NCLH traded down $0.05 during trading on Wednesday, hitting $56.25. 19,428 shares of the stock traded hands, compared to its average volume of 2,135,250. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $39.36 and a 52-week high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $0.60 EPS. Norwegian Cruise Line’s revenue was up 8.5% compared to the same quarter last year.

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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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Want to see what other hedge funds are holding NCLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH).

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

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