Kendall Capital Management purchased a new position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 8,870 shares of the company’s stock, valued at approximately $472,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. OxFORD Asset Management LLP purchased a new position in shares of Norwegian Cruise Line in the third quarter worth $348,000. Guardian Capital LP acquired a new stake in shares of Norwegian Cruise Line in the third quarter worth $254,000. IFM Investors Pty Ltd acquired a new stake in shares of Norwegian Cruise Line in the third quarter worth $259,000. State Treasurer State of Michigan acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $2,780,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Norwegian Cruise Line in the fourth quarter worth $628,000. 88.85% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on NCLH shares. Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price objective on the stock. in a research note on Thursday, November 30th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a research note on Monday, November 27th. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. BidaskClub lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Morgan Stanley increased their price objective on shares of Norwegian Cruise Line from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Norwegian Cruise Line has a consensus rating of “Buy” and an average target price of $64.86.
Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. equities analysts expect that Norwegian Cruise Line Holdings Ltd. will post 3.66 EPS for the current year.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $56.00, for a total transaction of $546,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.
Norwegian Cruise Line 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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