Employees Retirement System of Texas Has $1.24 Million Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

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Employees Retirement System of Texas increased its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 72.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,200 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Norwegian Cruise Line were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Norwegian Cruise Line in the 2nd quarter worth $114,000. Vantage Financial Partners Ltd. Inc. bought a new stake in Norwegian Cruise Line in the 1st quarter worth $201,000. Federated Investors Inc. PA grew its holdings in Norwegian Cruise Line by 41.0% in the 1st quarter. Federated Investors Inc. PA now owns 4,044 shares of the company’s stock worth $214,000 after acquiring an additional 1,175 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Norwegian Cruise Line in the 1st quarter worth $215,000. Finally, Timber Hill LLC bought a new stake in Norwegian Cruise Line in the 2nd quarter worth $222,000. Institutional investors own 88.85% of the company’s stock.

In related news, CEO Rio Frank J. Del sold 22,743 shares of the business’s stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $46.96, for a total transaction of $1,068,011.28. Following the sale, the chief executive officer now owns 357,021 shares of the company’s stock, valued at $16,765,706.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $54.34, for a total transaction of $167,204.18. Following the sale, the chief executive officer now directly owns 372,831 shares in the company, valued at approximately $20,259,636.54. The disclosure for this sale can be found here. Insiders have sold a total of 42,631 shares of company stock worth $2,072,144 in the last ninety days. Insiders own 0.98% of the company’s stock.

Shares of NCLH opened at $53.37 on Friday. 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 Holdings Ltd. has a 1-year low of $46.16 and a 1-year high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its earnings results on Thursday, August 9th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.18. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 3.66 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Thursday, August 16th. Nomura cut their price target on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Stifel Nicolaus raised their price target on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 10th. JPMorgan Chase & Co. cut their target price on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Friday, August 10th. Finally, Zacks Investment Research raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $64.18.

Norwegian Cruise Line 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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