Allianz Asset Management GmbH Sells 2,994 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Allianz Asset Management GmbH lowered its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,420 shares of the company’s stock after selling 2,994 shares during the period. Allianz Asset Management GmbH owned 0.05% of Norwegian Cruise Line worth $6,083,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Norwegian Cruise Line during the 1st quarter worth $89,000. NEXT Financial Group Inc grew its stake in Norwegian Cruise Line by 53.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock valued at $126,000 after acquiring an additional 820 shares during the last quarter. Advisory Services Network LLC grew its stake in Norwegian Cruise Line by 721.9% in the 2nd quarter. Advisory Services Network LLC now owns 2,556 shares of the company’s stock valued at $137,000 after acquiring an additional 2,245 shares during the last quarter. Horizon Investments LLC acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at about $208,000. Finally, Vantage Financial Partners Ltd. Inc. acquired a new stake in Norwegian Cruise Line in the 1st quarter valued at about $209,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Shares of NASDAQ:NCLH opened at $54.42 on Friday. The company has a fifty day simple moving average of $49.94 and a 200 day simple moving average of $53.53. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $39.36 and a 12-month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year.

In related news, CEO Rio Frank J. Del sold 3,076 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $53.75, for a total value of $165,335.00. Following the completion of the sale, the chief executive officer now owns 450,494 shares of the company’s stock, valued at $24,214,052.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Stuart sold 25,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the completion of the sale, the chief executive officer now owns 356,873 shares in the company, valued at $17,847,218.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,119 shares of company stock valued at $3,241,441. Corporate insiders own 0.98% of the company’s stock.

A number of brokerages recently commented on NCLH. 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. BidaskClub raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research note on Thursday. Deutsche Bank decreased their target price on shares of Norwegian Cruise Line from $71.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Argus set a $68.00 target price on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Citigroup raised their target price on shares of Norwegian Cruise Line from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.20.

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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