BlueCrest Capital Management Ltd Sells 33,699 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

BlueCrest Capital Management Ltd decreased its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 62.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,267 shares of the company’s stock after selling 33,699 shares during the period. BlueCrest Capital Management Ltd’s holdings in Norwegian Cruise Line were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NCLH. Raymond James Financial Services Advisors Inc. grew its position in shares of Norwegian Cruise Line by 416.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 27,333 shares of the company’s stock valued at $1,477,000 after acquiring an additional 22,043 shares during the period. Victory Capital Management Inc. boosted its holdings in Norwegian Cruise Line by 39.5% in the 3rd quarter. Victory Capital Management Inc. now owns 25,023 shares of the company’s stock worth $1,352,000 after buying an additional 7,090 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Norwegian Cruise Line by 16.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,175 shares of the company’s stock worth $1,307,000 after buying an additional 3,334 shares during the period. State of Wisconsin Investment Board boosted its holdings in Norwegian Cruise Line by 26.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 174,642 shares of the company’s stock worth $9,439,000 after buying an additional 36,941 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Norwegian Cruise Line by 28.3% in the 3rd quarter. Prudential Financial Inc. now owns 345,092 shares of the company’s stock worth $18,652,000 after buying an additional 76,080 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

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Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) opened at $56.65 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. The stock has a market cap of $12,560.00, a PE ratio of 17.27, a PEG ratio of 0.56 and a beta of 1.18. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $46.96 and a 1 year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, February 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. sell-side analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on shares of Norwegian Cruise Line from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Saturday, January 20th. JPMorgan Chase & Co. upgraded shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating in a research note on Monday, February 5th. Finally, Deutsche Bank boosted their price target on shares of Norwegian Cruise Line from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.86.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $56.00, for a total transaction of $546,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is currently owned by corporate insiders.

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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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