Triton Wealth Management PLLC Increases Stock Position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Triton Wealth Management PLLC raised its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 10.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,822 shares of the company’s stock after purchasing an additional 9,494 shares during the quarter. Norwegian Cruise Line accounts for about 1.5% of Triton Wealth Management PLLC’s holdings, making the stock its 13th biggest position. Triton Wealth Management PLLC’s holdings in Norwegian Cruise Line were worth $1,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Norwegian Cruise Line by 210.0% during the 2nd quarter. Larson Financial Group LLC now owns 3,382 shares of the company’s stock worth $56,000 after acquiring an additional 2,291 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $425,000. CSat Investment Advisory L.P. boosted its stake in shares of Norwegian Cruise Line by 254.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 3,736 shares of the company’s stock worth $61,000 after acquiring an additional 2,681 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Norwegian Cruise Line by 19.2% during the 2nd quarter. Norinchukin Bank The now owns 21,230 shares of the company’s stock worth $349,000 after acquiring an additional 3,427 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Norwegian Cruise Line by 49.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,864,668 shares of the company’s stock worth $63,497,000 after acquiring an additional 1,283,441 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.

Norwegian Cruise Line stock traded up $0.10 during trading on Friday, reaching $16.20. 13,688,672 shares of the company’s stock were exchanged, compared to its average volume of 35,223,848. The company’s 50-day moving average is $17.21 and its two-hundred day moving average is $15.37. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $7.03 and a 52-week high of $59.78.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($2.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.19) by ($0.59). The company had revenue of $16.93 million for the quarter, compared to analysts’ expectations of $23.17 million. During the same period last year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was down 99.0% compared to the same quarter last year.

Several brokerages have recently commented on NCLH. Macquarie lowered Norwegian Cruise Line from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $17.00 in a research note on Tuesday, July 14th. SunTrust Banks lowered Norwegian Cruise Line from a “buy” rating to a “hold” rating and reduced their target price for the company from $14.00 to $13.00 in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on Norwegian Cruise Line from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Morgan Stanley reduced their target price on Norwegian Cruise Line from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 12th. Finally, BidaskClub downgraded Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Norwegian Cruise Line presently has an average rating of “Hold” and an average price target of $21.97.

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.

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

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