Schwab Charles Investment Management Inc. Buys 53,621 Shares of Norwegian Cruise Line Holdings Ltd. (NCLH)

Schwab Charles Investment Management Inc. raised its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,710 shares of the company’s stock after buying an additional 53,621 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.18% of Norwegian Cruise Line Holdings worth $22,515,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Amalgamated Bank raised its stake in Norwegian Cruise Line Holdings by 2.4% during the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after buying an additional 202 shares during the last quarter. Morgan Stanley raised its stake in Norwegian Cruise Line Holdings by 82.1% during the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after buying an additional 113,323 shares during the last quarter. Prudential Financial Inc. raised its stake in Norwegian Cruise Line Holdings by 26.1% during the first quarter. Prudential Financial Inc. now owns 267,844 shares of the company’s stock valued at $13,588,000 after buying an additional 55,469 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Norwegian Cruise Line Holdings by 2,203.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 20,732 shares of the company’s stock worth $1,126,000 after purchasing an additional 19,832 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Norwegian Cruise Line Holdings by 4,913.5% in the first quarter. BlackRock Inc. now owns 7,568,962 shares of the company’s stock worth $383,975,000 after purchasing an additional 7,417,990 shares during the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) opened at 56.35 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a one year low of $35.21 and a one year high of $61.48. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 19.04 and a beta of 1.15. The company has a 50 day moving average price of $57.10 and a 200 day moving average price of $53.30.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.05. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities analysts predict that Norwegian Cruise Line Holdings Ltd. will post $3.98 EPS for the current year.

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In related news, EVP Harry Sommer sold 11,807 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $58.42, for a total value of $689,764.94. Following the completion of the transaction, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Several research analysts have recently weighed in on NCLH shares. Berenberg Bank restated a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. ValuEngine upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating on shares of Norwegian Cruise Line Holdings in a research note on Thursday, August 10th. Buckingham Research boosted their price target on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Nomura boosted their price target on Norwegian Cruise Line Holdings from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.94.

Norwegian Cruise Line Holdings 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 Holdings (NASDAQ:NCLH)

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