Sterling Capital Management LLC Has $72.72 Million Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

Sterling Capital Management LLC decreased its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,339,466 shares of the company’s stock after selling 126,914 shares during the period. Sterling Capital Management LLC owned approximately 0.59% of Norwegian Cruise Line Holdings worth $72,720,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NCLH. Aviance Capital Management LLC bought a new position in Norwegian Cruise Line Holdings during the 2nd quarter valued at about $103,000. Quantbot Technologies LP bought a new position in Norwegian Cruise Line Holdings during the 1st quarter valued at about $116,000. BB&T Investment Services Inc. bought a new position in Norwegian Cruise Line Holdings during the 2nd quarter valued at about $121,000. Pacer Advisors Inc. bought a new position in Norwegian Cruise Line Holdings during the 2nd quarter valued at about $197,000. Finally, Ameritas Investment Partners Inc. bought a new position in Norwegian Cruise Line Holdings during the 1st quarter valued at about $203,000. Institutional investors own 85.80% of the company’s stock.

In related news, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the sale, the executive vice president now directly owns 42,195 shares in the company, valued at $2,465,031.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Several equities analysts have issued reports on NCLH shares. Zacks Investment Research cut shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. UBS AG reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $51.00) on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Bank of America Corporation began coverage on shares of Norwegian Cruise Line Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $65.00 price objective on the stock. Berenberg Bank reiterated a “buy” rating and issued a $65.00 price objective on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Norwegian Cruise Line Holdings currently has an average rating of “Hold” and an average target price of $59.40.

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Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded up 0.08% during midday trading on Wednesday, reaching $59.21. 933,433 shares of the company’s stock were exchanged. The stock has a market cap of $13.51 billion, a P/E ratio of 19.94 and a beta of 1.12. The company’s 50-day moving average is $56.46 and its 200-day moving average is $53.86. Norwegian Cruise Line Holdings Ltd. has a one year low of $35.21 and a one year high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post $3.98 earnings per share for the current fiscal year.

Norwegian Cruise Line Holdings 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.

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

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