TD Asset Management Inc. Sells 32,673 Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

TD Asset Management Inc. trimmed its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 5.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 536,969 shares of the company’s stock after selling 32,673 shares during the quarter. TD Asset Management Inc.’s holdings in Norwegian Cruise Line were worth $28,798,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth $89,000. Exane Derivatives lifted its holdings in shares of Norwegian Cruise Line by 41.3% in the 1st quarter. Exane Derivatives now owns 1,724 shares of the company’s stock worth $95,000 after purchasing an additional 504 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of Norwegian Cruise Line by 53.6% in the 2nd quarter. NEXT Financial Group Inc now owns 2,351 shares of the company’s stock worth $126,000 after purchasing an additional 820 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Norwegian Cruise Line by 240.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,400 shares of the company’s stock worth $187,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Horizon Investments LLC bought a new position in shares of Norwegian Cruise Line in the 1st quarter worth $208,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

In other news, CEO Andrew Stuart sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $54.04, for a total transaction of $1,080,800.00. Following the completion of the sale, the chief executive officer now directly owns 379,352 shares of the company’s stock, valued at approximately $20,500,182.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 3,076 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $53.75, for a total value of $165,335.00. Following the sale, the chief executive officer now directly owns 450,494 shares of the company’s stock, valued at $24,214,052.50. The disclosure for this sale can be found here. Insiders sold a total of 67,870 shares of company stock valued at $3,647,499 over the last three months. 0.98% of the stock is currently owned by insiders.

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $59.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Norwegian Cruise Line from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Nomura reissued a “buy” rating and issued a $64.00 price target on shares of Norwegian Cruise Line in a research report on Sunday, August 11th. SunTrust Banks increased their price target on Norwegian Cruise Line from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Deutsche Bank lowered their price target on Norwegian Cruise Line from $71.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Buy” and an average price target of $64.57.

NASDAQ NCLH traded up $0.82 on Friday, reaching $49.93. The company had a trading volume of 31,387 shares, compared to its average volume of 2,207,969. The company’s fifty day moving average is $49.82 and its 200 day moving average is $53.75. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $39.36 and a 52-week high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.04. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.61 billion. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share.

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.

Further Reading: CD Ladder

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

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