Hodges Capital Management Inc. Increases Position in Norwegian Cruise Line Holdings Ltd. (NCLH)

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Hodges Capital Management Inc. boosted its position in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 6.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,909 shares of the company’s stock after buying an additional 3,800 shares during the period. Hodges Capital Management Inc.’s holdings in Norwegian Cruise Line were worth $3,348,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NCLH. Bank of New York Mellon Corp boosted its stake in Norwegian Cruise Line by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 4,322,854 shares of the company’s stock valued at $248,261,000 after buying an additional 840,511 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Norwegian Cruise Line during the third quarter valued at approximately $3,109,000. FMR LLC raised its position in Norwegian Cruise Line by 4.9% during the third quarter. FMR LLC now owns 143,932 shares of the company’s stock valued at $8,266,000 after purchasing an additional 6,732 shares during the period. Allianz Asset Management GmbH purchased a new stake in Norwegian Cruise Line during the third quarter valued at approximately $315,000. Finally, LPL Financial LLC purchased a new stake in Norwegian Cruise Line during the third quarter valued at approximately $278,000. 88.85% of the stock is owned by institutional investors.

Shares of NASDAQ NCLH opened at $58.67 on Tuesday. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $39.36 and a fifty-two week high of $58.90.

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

A number of equities research analysts have issued reports on the company. Wells Fargo & Co upped their price objective 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. TheStreet downgraded Norwegian Cruise Line from a “b-” rating to a “c+” rating in a research report on Monday, January 7th. Macquarie upgraded Norwegian Cruise Line from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Monday, February 25th. Zacks Investment Research downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, UBS Group upped their price objective on Norwegian Cruise Line from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $64.92.

In related news, CEO Rio Frank J. Del sold 6,154 shares of the stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $50.44, for a total value of $310,407.76. Following the transaction, the chief executive officer now owns 295,767 shares of the company’s stock, valued at $14,918,487.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $52.70, for a total value of $162,157.90. Following the completion of the transaction, the chief executive officer now directly owns 292,090 shares in the company, valued at approximately $15,393,143. The disclosure for this sale can be found here. In the last three months, insiders sold 107,661 shares of company stock worth $5,934,318. 0.98% of the stock is owned by insiders.

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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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