The Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Decreased by SG Americas Securities LLC

The Norwegian Cruise Line Holdings Ltd. (NCLH) Stake Decreased by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 70.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,510 shares of the company’s stock after selling 27,499 shares during the period. SG Americas Securities LLC’s holdings in Norwegian Cruise Line Holdings were worth $434,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NCLH. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Norwegian Cruise Line Holdings by 0.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,925 shares of the company’s stock valued at $754,000 after buying an additional 178 shares in the last quarter. Advisors Capital Management LLC increased its stake in shares of Norwegian Cruise Line Holdings by 0.5% in the third quarter. Advisors Capital Management LLC now owns 70,308 shares of the company’s stock valued at $2,650,000 after buying an additional 329 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Norwegian Cruise Line Holdings by 1.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,814 shares of the company’s stock valued at $860,000 after buying an additional 409 shares in the last quarter. Telemus Capital LLC increased its stake in shares of Norwegian Cruise Line Holdings by 4.2% in the third quarter. Telemus Capital LLC now owns 13,694 shares of the company’s stock valued at $516,000 after buying an additional 555 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Norwegian Cruise Line Holdings by 4.1% in the second quarter. American International Group Inc. now owns 18,227 shares of the company’s stock valued at $726,000 after buying an additional 710 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

Shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) traded up 0.02% during midday trading on Friday, reaching $45.63. The company’s stock had a trading volume of 735,986 shares. The stock has a 50-day moving average price of $43.90 and a 200-day moving average price of $39.90. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 17.38 and a beta of 1.14. Norwegian Cruise Line Holdings Ltd. has a 52-week low of $34.16 and a 52-week high of $55.59.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.03. Norwegian Cruise Line Holdings had a return on equity of 17.60% and a net margin of 12.52%. The firm earned $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.39 earnings per share for the current fiscal year.

Several brokerages recently weighed in on NCLH. Macquarie began coverage on Norwegian Cruise Line Holdings in a research report on Tuesday, October 4th. They set a “neutral” rating and a $38.00 price objective for the company. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, December 15th. Wedbush reiterated a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Norwegian Cruise Line Holdings in a research report on Friday, November 11th. Sanford C. Bernstein downgraded Norwegian Cruise Line Holdings from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $45.00 to $43.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc. began coverage on Norwegian Cruise Line Holdings in a research report on Thursday, December 15th. They issued a “neutral” rating and a $47.00 target price for the company. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.53.

Norwegian Cruise Line Holdings Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

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