Meeder Asset Management Inc. lifted its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 126.5% in the 1st quarter, HoldingsChannel reports. The firm owned 29,423 shares of the company’s stock after purchasing an additional 16,435 shares during the quarter. Meeder Asset Management Inc.’s holdings in Norwegian Cruise Line were worth $1,617,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Machina Capital S.A.S. bought a new position in shares of Norwegian Cruise Line in the fourth quarter worth $29,000. Sterling Investment Advisors Ltd. bought a new position in Norwegian Cruise Line during the fourth quarter valued at about $42,000. Exane Derivatives boosted its stake in Norwegian Cruise Line by 221.9% during the fourth quarter. Exane Derivatives now owns 1,220 shares of the company’s stock valued at $52,000 after buying an additional 841 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Norwegian Cruise Line by 10,307.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock valued at $55,000 after buying an additional 2,310,433 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Norwegian Cruise Line during the fourth quarter valued at about $79,000. 88.85% of the stock is owned by institutional investors.
Shares of Norwegian Cruise Line stock opened at $59.56 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $39.36 and a 1 year high of $59.64.
Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share.
Several research analysts recently weighed in on NCLH shares. Zacks Investment Research cut Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. BidaskClub raised Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, February 22nd. Deutsche Bank reaffirmed a “buy” rating and set a $65.00 target price on shares of Norwegian Cruise Line in a report on Wednesday, January 16th. Finally, TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average price target of $64.92.
In other news, CEO Rio Frank J. Del sold 3,077 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $52.70, for a total transaction of $162,157.90. Following the completion of the sale, the chief executive officer now directly owns 292,090 shares of the company’s stock, valued at approximately $15,393,143. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 6,154 shares of the firm’s stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $50.44, for a total value of $310,407.76. Following the sale, the chief executive officer now directly owns 295,767 shares of the company’s stock, valued at $14,918,487.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,661 shares of company stock valued at $5,934,318. Company insiders own 0.98% of the company’s stock.
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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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