Blackcrane Capital LLC Invests $11.65 Million in Norwegian Cruise Line Holdings Ltd. (NCLH) Stock

Blackcrane Capital LLC bought a new position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 202,911 shares of the company’s stock, valued at approximately $11,653,000. Norwegian Cruise Line accounts for about 10.2% of Blackcrane Capital LLC’s investment portfolio, making the stock its 6th largest position. Blackcrane Capital LLC owned approximately 0.09% of Norwegian Cruise Line at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCLH. Piedmont Investment Advisors LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $114,000. Allianz Asset Management GmbH acquired a new stake in shares of Norwegian Cruise Line in the 1st quarter worth approximately $215,000. Timber Hill LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $222,000. FNY Investment Advisers LLC acquired a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $236,000. Finally, Investment Counselors of Maryland LLC purchased a new stake in Norwegian Cruise Line in the 2nd quarter valued at approximately $248,000. Institutional investors own 88.85% of the company’s stock.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $55.99, for a total transaction of $172,281.23. Following the transaction, the chief executive officer now owns 308,967 shares of the company’s stock, valued at approximately $17,299,062.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 10,657 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $49.10, for a total value of $523,258.70. Following the transaction, the chief executive officer now directly owns 324,286 shares in the company, valued at approximately $15,922,442.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,888 shares of company stock worth $1,011,702. Corporate insiders own 0.98% of the company’s stock.

NCLH has been the topic of a number of recent research reports. Nomura reduced their target price on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. BidaskClub lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Zacks Investment Research lowered Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a research note on Thursday, October 11th. Finally, Macquarie raised Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 target price on the stock in a research note on Friday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average target price of $64.60.

NCLH stock opened at $42.33 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $41.73 and a 1 year high of $61.18. 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 (NASDAQ:NCLH) last posted its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.18. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $1.02 EPS. Norwegian Cruise Line’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current fiscal year.

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.

Featured Story: Using the New Google Finance Tool

Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply