Northern Trust Corp Has $129.66 Million Holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Northern Trust Corp boosted its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 0.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,359,071 shares of the company’s stock after purchasing an additional 11,939 shares during the quarter. Northern Trust Corp’s holdings in Norwegian Cruise Line were worth $129,655,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Strs Ohio bought a new stake in shares of Norwegian Cruise Line during the 4th quarter valued at $259,000. First Mercantile Trust Co. lifted its position in shares of Norwegian Cruise Line by 46.7% during the 4th quarter. First Mercantile Trust Co. now owns 1,980 shares of the company’s stock valued at $84,000 after acquiring an additional 630 shares during the period. Dupont Capital Management Corp raised its holdings in shares of Norwegian Cruise Line by 87.9% during the 4th quarter. Dupont Capital Management Corp now owns 4,188 shares of the company’s stock worth $178,000 after buying an additional 1,959 shares in the last quarter. Hartford Investment Management Co. raised its holdings in shares of Norwegian Cruise Line by 7.3% during the 4th quarter. Hartford Investment Management Co. now owns 23,846 shares of the company’s stock worth $1,011,000 after buying an additional 1,628 shares in the last quarter. Finally, Securian Asset Management Inc raised its holdings in shares of Norwegian Cruise Line by 6.6% during the 4th quarter. Securian Asset Management Inc now owns 22,175 shares of the company’s stock worth $940,000 after buying an additional 1,374 shares in the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

In other Norwegian Cruise Line news, CEO Jason Montague sold 10,805 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $57.50, for a total value of $621,287.50. Following the completion of the transaction, the chief executive officer now owns 92,993 shares of the company’s stock, valued at approximately $5,347,097.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew Stuart sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $54.04, for a total value of $1,080,800.00. Following the completion of the transaction, the chief executive officer now directly owns 379,352 shares of the company’s stock, valued at approximately $20,500,182.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,036 shares of company stock valued at $2,226,931. Insiders own 0.98% of the company’s stock.

Shares of Norwegian Cruise Line stock traded down $0.24 during trading on Thursday, reaching $53.60. 5,409 shares of the company’s stock were exchanged, compared to its average volume of 2,126,370. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $39.36 and a 1-year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $0.60 EPS. Norwegian Cruise Line’s revenue for the quarter was up 8.5% on a year-over-year basis.

A number of equities analysts have recently commented on the company. BidaskClub raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Wells Fargo & Co boosted their price target on Norwegian Cruise Line from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Morgan Stanley boosted their price target on Norwegian Cruise Line from $64.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Buckingham Research boosted their price target on Norwegian Cruise Line from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Nomura boosted their price target on Norwegian Cruise Line from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.00.

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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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