Natixis Advisors L.P. decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 6.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 76,863 shares of the company’s stock after selling 5,688 shares during the quarter. Natixis Advisors L.P.’s holdings in Norwegian Cruise Line were worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its stake in Norwegian Cruise Line by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 18,640 shares of the company’s stock valued at $1,000,000 after buying an additional 267 shares during the period. IFM Investors Pty Ltd raised its stake in Norwegian Cruise Line by 2.2% in the second quarter. IFM Investors Pty Ltd now owns 14,890 shares of the company’s stock valued at $799,000 after buying an additional 315 shares during the period. Lafayette Investments Inc. raised its stake in Norwegian Cruise Line by 0.3% in the second quarter. Lafayette Investments Inc. now owns 156,913 shares of the company’s stock valued at $8,415,000 after buying an additional 474 shares during the period. Taylor Cottrill Erickson & Associates Inc. raised its stake in Norwegian Cruise Line by 4.3% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 11,420 shares of the company’s stock valued at $612,000 after buying an additional 475 shares during the period. Finally, Nordea Investment Management AB raised its stake in Norwegian Cruise Line by 5.1% in the first quarter. Nordea Investment Management AB now owns 10,926 shares of the company’s stock valued at $601,000 after buying an additional 531 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Several research firms have issued reports on NCLH. Morgan Stanley set a $59.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Friday, August 9th. Buckingham Research upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $56.00 to $61.00 in a research note on Friday, August 9th. Nomura restated a “buy” rating and issued a $64.00 price objective on shares of Norwegian Cruise Line in a research note on Sunday, August 11th. Argus set a $68.00 price objective on Norwegian Cruise Line and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, TheStreet upgraded Norwegian Cruise Line from a “c+” rating to a “b” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Norwegian Cruise Line has an average rating of “Buy” and a consensus price target of $65.20.

In related news, CEO Rio Frank J. Del sold 22,743 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $53.23, for a total transaction of $1,210,609.89. Following the sale, the chief executive officer now owns 434,837 shares of the company’s stock, valued at $23,146,373.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rio Frank J. Del sold 3,076 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $53.75, for a total value of $165,335.00. Following the sale, the chief executive officer now directly owns 450,494 shares in the company, valued at approximately $24,214,052.50. The disclosure for this sale can be found here. Insiders sold 63,119 shares of company stock worth $3,241,441 in the last ninety days. 0.98% of the stock is owned by company insiders.

Shares of Norwegian Cruise Line stock traded up $0.55 on Friday, hitting $54.97. The stock had a trading volume of 58,376 shares, compared to its average volume of 2,169,141. Norwegian Cruise Line Holdings Ltd. has a twelve month low of $39.36 and a twelve month high of $59.71. The business’s 50 day moving average is $49.94 and its two-hundred day moving average is $53.53.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, August 8th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.26 by $0.04. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $1.21 EPS. Norwegian Cruise Line’s revenue for the quarter was up 9.3% compared to the same quarter last year.

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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