Shellback Capital LP Invests $11.87 Million in Norwegian Cruise Line Holdings Ltd. (NCLH) Stock

Shellback Capital LP purchased a new stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 280,000 shares of the company’s stock, valued at approximately $11,869,000. Norwegian Cruise Line makes up approximately 2.1% of Shellback Capital LP’s portfolio, making the stock its 17th biggest holding.

Other hedge funds have also made changes to their positions in the company. Capital World Investors increased its stake in shares of Norwegian Cruise Line by 49.4% in the third quarter. Capital World Investors now owns 15,620,156 shares of the company’s stock worth $897,066,000 after buying an additional 5,168,349 shares during the last quarter. BlackRock Inc. increased its stake in shares of Norwegian Cruise Line by 14.6% in the fourth quarter. BlackRock Inc. now owns 14,287,003 shares of the company’s stock worth $605,627,000 after buying an additional 1,817,368 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Norwegian Cruise Line by 9.3% in the third quarter. Janus Henderson Group PLC now owns 11,002,326 shares of the company’s stock worth $631,864,000 after buying an additional 934,851 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Norwegian Cruise Line by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 4,322,854 shares of the company’s stock worth $248,261,000 after buying an additional 840,511 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Norwegian Cruise Line by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,258,749 shares of the company’s stock worth $138,134,000 after buying an additional 174,266 shares during the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CEO Andrew Stuart sold 42,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the transaction, the chief executive officer now owns 389,434 shares of the company’s stock, valued at $21,788,832.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del sold 6,154 shares of the business’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $50.44, for a total transaction of $310,407.76. Following the transaction, the chief executive officer now directly owns 295,767 shares of the company’s stock, valued at approximately $14,918,487.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,584 shares of company stock valued at $5,763,329. Corporate insiders own 0.98% of the company’s stock.

A number of analysts recently issued reports on the stock. Wolfe Research set a $64.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research note on Tuesday, December 11th. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Sanford C. Bernstein raised shares of Norwegian Cruise Line from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Wedbush lifted their price objective on shares of Norwegian Cruise Line from $44.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. Finally, Citigroup decreased their price objective on shares of Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating for the company in a report on Monday, November 19th. Three 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 a consensus price target of $64.92.

Norwegian Cruise Line stock traded up $0.33 during mid-day trading on Wednesday, reaching $55.68. The company’s stock had a trading volume of 7,562 shares, compared to its average volume of 2,199,669. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month high of $58.09.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.

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About Norwegian Cruise Line

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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