Meridian Wealth Management LLC Acquires Shares of 7,360 Norwegian Cruise Line Holdings Ltd. (NCLH)

Meridian Wealth Management LLC bought a new stake in Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) during the first quarter, Holdings Channel reports. The firm bought 7,360 shares of the company’s stock, valued at approximately $373,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth approximately $116,000. Seven Eight Capital LP bought a new stake in shares of Norwegian Cruise Line Holdings during the fourth quarter worth approximately $110,000. Acadian Asset Management LLC bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth approximately $146,000. Ameritas Investment Partners Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth approximately $203,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Norwegian Cruise Line Holdings during the first quarter worth approximately $204,000. 86.07% of the stock is currently owned by institutional investors and hedge funds.

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

Norwegian Cruise Line Holdings Ltd. (NCLH) traded up 1.02% on Thursday, reaching $55.46. 2,668,504 shares of the company’s stock were exchanged. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $34.16 and a 52 week high of $56.29. The stock’s 50 day moving average is $51.77 and its 200 day moving average is $48.89. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 20.32 and a beta of 1.17.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. On average, equities analysts anticipate that Norwegian Cruise Line Holdings Ltd. will post $3.87 earnings per share for the current year.

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A number of brokerages have commented on NCLH. Wedbush reissued a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Saturday, May 13th. SunTrust Banks, Inc. increased their price objective on shares of Norwegian Cruise Line Holdings from $43.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, February 24th. Stifel Nicolaus reissued a “buy” rating and set a $60.00 price objective (up previously from $48.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, February 23rd. Citigroup Inc. increased their price objective on shares of Norwegian Cruise Line Holdings from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $49.00 price objective (up previously from $46.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday, February 23rd. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.25.

In other news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total transaction of $798,900.00. Following the sale, the chief executive officer now directly 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 the SEC website. Insiders own 0.98% of the company’s stock.

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.

Want to see what other hedge funds are holding NCLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH).

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