Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 72.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,581 shares of the company’s stock after buying an additional 164,337 shares during the quarter. Millennium Management LLC owned 0.18% of Norwegian Cruise Line worth $20,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. State of Michigan Retirement System raised its stake in Norwegian Cruise Line by 0.4% in the 3rd quarter. State of Michigan Retirement System now owns 51,800 shares of the company’s stock worth $2,682,000 after acquiring an additional 200 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Norwegian Cruise Line by 0.6% in the second quarter. Bank of Nova Scotia now owns 48,146 shares of the company’s stock valued at $2,583,000 after purchasing an additional 306 shares during the period. Motco raised its stake in shares of Norwegian Cruise Line by 168.8% in the third quarter. Motco now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares during the last quarter. Seeyond raised its stake in shares of Norwegian Cruise Line by 2.1% in the second quarter. Seeyond now owns 17,198 shares of the company’s stock worth $922,000 after purchasing an additional 349 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Norwegian Cruise Line by 4.0% during the third quarter. Assenagon Asset Management S.A. now owns 10,500 shares of the company’s stock worth $544,000 after purchasing an additional 400 shares during the period. 88.85% of the stock is currently owned by institutional investors.

Norwegian Cruise Line stock opened at $52.86 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 12 month low of $39.36 and a 12 month high of $59.71. The stock’s 50 day simple moving average is $52.09 and its two-hundred day simple moving average is $51.67.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 7th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned $2.27 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 3.0% compared to the same quarter last year.

In related news, CEO Rio Frank J. Del sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $53.39, for a total value of $213,560.00. Also, CEO Andrew Stuart sold 245,364 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $53.49, for a total value of $13,124,520.36. Insiders have sold 257,364 shares of company stock worth $13,753,202 over the last three months. 0.98% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on NCLH shares. TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b” rating in a research report on Friday, September 6th. Deutsche Bank reissued a “buy” rating on shares of Norwegian Cruise Line in a research report on Friday, November 8th. Morgan Stanley set a $59.00 price objective on shares of Norwegian Cruise Line and gave the company a “buy” rating in a research note on Friday, August 9th. Bank of America reaffirmed a “buy” rating and issued a $66.00 price objective (down from $72.00) on shares of Norwegian Cruise Line in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $64.81.

Norwegian Cruise Line Company 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.

Featured Article: Put Option

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)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit