Anchor Bolt Capital LP Boosts Holdings in Norwegian Cruise Line Holdings Ltd. (NCLH)

Anchor Bolt Capital LP boosted its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 44.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 898,280 shares of the company’s stock after purchasing an additional 276,111 shares during the quarter. Norwegian Cruise Line makes up 2.0% of Anchor Bolt Capital LP’s portfolio, making the stock its 20th biggest position. Anchor Bolt Capital LP owned approximately 0.39% of Norwegian Cruise Line worth $48,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NCLH. Aviance Capital Management LLC bought a new position in shares of Norwegian Cruise Line during the second quarter valued at $103,000. Toronto Dominion Bank increased its holdings in shares of Norwegian Cruise Line by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after acquiring an additional 216 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Norwegian Cruise Line during the second quarter valued at $121,000. Pacer Advisors Inc. bought a new position in shares of Norwegian Cruise Line during the second quarter valued at $197,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Norwegian Cruise Line during the third quarter valued at $202,000. Institutional investors and hedge funds own 89.02% of the company’s stock.

Several equities analysts have recently weighed in on NCLH shares. Zacks Investment Research downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective (down from $69.00) on shares of Norwegian Cruise Line in a report on Thursday, October 19th. UBS reiterated a “neutral” rating and issued a $60.00 price objective (up from $51.00) on shares of Norwegian Cruise Line in a report on Thursday, August 10th. Tigress Financial reiterated a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Finally, Macquarie downgraded Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 price objective for the company. in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.07.

In related news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) traded down $0.02 during trading hours on Thursday, reaching $54.31. The company’s stock had a trading volume of 1,167,900 shares, compared to its average volume of 1,869,910. The stock has a market capitalization of $12,412.44, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $41.08 and a fifty-two week high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.62 earnings per share. equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current year.

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Norwegian Cruise Line 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 (NASDAQ:NCLH)

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