Oakbrook Investments LLC Sells 200 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

Oakbrook Investments LLC reduced its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 0.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 22,130 shares of the company’s stock after selling 200 shares during the period. Oakbrook Investments LLC’s holdings in Norwegian Cruise Line were worth $1,216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Municipal Employees Retirement System of Michigan bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $881,000. Stifel Financial Corp raised its position in Norwegian Cruise Line by 10.6% during the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock valued at $2,146,000 after purchasing an additional 4,902 shares in the last quarter. Meeder Asset Management Inc. raised its position in Norwegian Cruise Line by 126.5% during the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock valued at $1,617,000 after purchasing an additional 16,435 shares in the last quarter. Retirement Systems of Alabama raised its position in Norwegian Cruise Line by 9.1% during the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock valued at $4,343,000 after purchasing an additional 8,505 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its position in Norwegian Cruise Line by 6.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 9,408 shares of the company’s stock valued at $399,000 after purchasing an additional 580 shares in the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NCLH stock opened at $56.92 on Friday. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $39.36 and a 1-year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, February 21st. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.06. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share.

A number of equities research analysts have weighed in on NCLH shares. Morgan Stanley set a $64.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a research report on Friday, February 22nd. Wells Fargo & Co lifted their target price on Norwegian Cruise Line from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Deutsche Bank reaffirmed a “buy” rating and set a $65.00 target price on shares of Norwegian Cruise Line in a research report on Wednesday, January 16th. BidaskClub raised Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.92.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the business’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 sale, the chief executive officer now owns 292,090 shares in the company, valued at approximately $15,393,143. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 6,154 shares of the business’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $50.44, for a total value of $310,407.76. Following the sale, the chief executive officer now owns 295,767 shares in the company, valued at approximately $14,918,487.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,738 shares of company stock worth $6,114,261. 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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Institutional Ownership by Quarter for Norwegian Cruise Line (NASDAQ:NCLH)

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