Morse Asset Management Inc Has $2.37 Million Stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)

Morse Asset Management Inc increased its position in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 41.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 43,710 shares of the company’s stock after buying an additional 12,770 shares during the period. Morse Asset Management Inc’s holdings in Norwegian Cruise Line Holdings were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in Norwegian Cruise Line Holdings by 0.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 20,900 shares of the company’s stock worth $1,060,000 after buying an additional 64 shares in the last quarter. Amalgamated Bank boosted its position in Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock worth $442,000 after buying an additional 202 shares in the last quarter. Cambridge Trust Co. boosted its position in Norwegian Cruise Line Holdings by 1.9% in the second quarter. Cambridge Trust Co. now owns 13,005 shares of the company’s stock worth $706,000 after buying an additional 238 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock worth $201,000 after buying an additional 266 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Norwegian Cruise Line Holdings by 5.0% in the first quarter. World Asset Management Inc now owns 6,006 shares of the company’s stock worth $305,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

Norwegian Cruise Line Holdings Ltd. (NASDAQ NCLH) traded down 0.71% during midday trading on Friday, hitting $55.78. 1,434,778 shares of the stock were exchanged. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $34.16 and a 1-year high of $61.48. The company’s 50 day moving average is $55.63 and its 200-day moving average is $52.02. The stock has a market cap of $12.73 billion, a PE ratio of 18.85 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, analysts expect that Norwegian Cruise Line Holdings Ltd. will post $4.00 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Morse Asset Management Inc Has $2.37 Million Stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH)” was originally reported by Rincon Hill News and is the property of of Rincon Hill News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://rinconhillneighbors.org/2017/08/20/norwegian-cruise-line-holdings-ltd-nasdaqnclh-stake-raised-by-morse-asset-management-inc-updated.html.

NCLH has been the topic of a number of research reports. Berenberg Bank reissued a “buy” rating and set a $65.00 target price on shares of Norwegian Cruise Line Holdings in a report on Wednesday, June 28th. ValuEngine raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. Wedbush boosted their target price on shares of Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Zacks Investment Research raised shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Wednesday, April 26th. Finally, BidaskClub lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.94.

In related news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the sale, the chief executive officer now owns 72,831 shares in the company, valued at $3,878,979.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Harry Sommer sold 11,807 shares of Norwegian Cruise Line Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the completion of the sale, the executive vice president now owns 42,195 shares in the company, valued at approximately $2,465,031.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,651,807 shares of company stock worth $308,444,915. 0.98% of the stock is currently owned by company insiders.

About Norwegian Cruise Line Holdings

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.

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

Receive News & Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.