Crossmark Global Holdings Inc. Increases Stake in Norwegian Cruise Line Holdings Ltd. (NCLH)

Crossmark Global Holdings Inc. grew its stake in shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,373 shares of the company’s stock after buying an additional 450 shares during the period. Crossmark Global Holdings Inc.’s holdings in Norwegian Cruise Line were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan purchased a new stake in Norwegian Cruise Line during the 4th quarter worth $881,000. Stifel Financial Corp boosted its position in Norwegian Cruise Line by 10.6% during the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock worth $2,146,000 after purchasing an additional 4,902 shares during the period. Meeder Asset Management Inc. boosted its position in Norwegian Cruise Line by 126.5% during the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock worth $1,617,000 after purchasing an additional 16,435 shares during the period. Retirement Systems of Alabama boosted its position in Norwegian Cruise Line by 9.1% during the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock worth $4,343,000 after purchasing an additional 8,505 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Norwegian Cruise Line by 177.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,254 shares of the company’s stock worth $6,060,000 after purchasing an additional 70,554 shares during the period. 88.85% of the stock is owned by institutional investors.

NCLH has been the subject of a number of research reports. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Morgan Stanley raised shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $58.00 to $62.00 in a research report on Wednesday, February 6th. UBS Group upped their price target on shares of Norwegian Cruise Line from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Deutsche Bank set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, February 17th. Finally, Wells Fargo & Co upped their price target on shares of Norwegian Cruise Line from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $67.00.

In related news, CEO Andrew Stuart sold 42,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 389,434 shares in the company, valued at $21,788,832.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $52.70, for a total transaction of $162,157.90. Following the sale, the chief executive officer now owns 292,090 shares in the company, valued at approximately $15,393,143. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,584 shares of company stock worth $5,803,853. 0.98% of the stock is owned by company insiders.

Shares of Norwegian Cruise Line stock opened at $56.30 on Wednesday. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $39.36 and a 1 year high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. Norwegian Cruise Line’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS.

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Norwegian Cruise Line Company Profile

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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