Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Andrew Stuart Sells 25,000 Shares

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) CEO Andrew Stuart sold 25,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $50.01, for a total value of $1,250,250.00. Following the completion of the sale, the chief executive officer now directly owns 356,873 shares in the company, valued at $17,847,218.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Andrew Stuart also recently made the following trade(s):

  • On Wednesday, August 14th, Andrew Stuart sold 12,300 shares of Norwegian Cruise Line stock. The shares were sold at an average price of $50.02, for a total value of $615,246.00.
  • On Friday, June 14th, Andrew Stuart sold 22,051 shares of Norwegian Cruise Line stock. The shares were sold at an average price of $54.00, for a total value of $1,190,754.00.
  • On Tuesday, June 11th, Andrew Stuart sold 20,000 shares of Norwegian Cruise Line stock. The shares were sold at an average price of $54.04, for a total value of $1,080,800.00.

Norwegian Cruise Line stock opened at $50.48 on Friday. Norwegian Cruise Line Holdings Ltd. has a one year low of $39.36 and a one year high of $59.71. The stock has a fifty day moving average of $49.80 and a 200 day moving average of $53.73.

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

A number of research analysts have recently issued reports on the company. TheStreet downgraded Norwegian Cruise Line from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Buckingham Research raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price target for the company from $56.00 to $61.00 in a report on Friday, August 9th. BidaskClub raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Norwegian Cruise Line from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, SunTrust Banks upped their price target on Norwegian Cruise Line from $71.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and a consensus price target of $64.57.

A number of institutional investors have recently bought and sold shares of NCLH. Renaissance Technologies LLC increased its position in Norwegian Cruise Line by 121.8% during the second quarter. Renaissance Technologies LLC now owns 2,952,000 shares of the company’s stock valued at $158,316,000 after acquiring an additional 1,620,800 shares during the last quarter. Nuveen Asset Management LLC increased its position in Norwegian Cruise Line by 432.8% during the second quarter. Nuveen Asset Management LLC now owns 1,994,633 shares of the company’s stock valued at $106,972,000 after acquiring an additional 1,620,262 shares during the last quarter. Invesco Ltd. increased its position in Norwegian Cruise Line by 26.0% during the second quarter. Invesco Ltd. now owns 5,783,144 shares of the company’s stock valued at $310,149,000 after acquiring an additional 1,193,720 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in Norwegian Cruise Line during the first quarter valued at $36,433,000. Finally, AQR Capital Management LLC increased its position in Norwegian Cruise Line by 35.9% during the second quarter. AQR Capital Management LLC now owns 2,332,578 shares of the company’s stock valued at $121,294,000 after acquiring an additional 616,738 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.

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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