As Norwegian Cruise Line Hldgs (NCLH) Stock Declined, Shareholder Apollo Management Holdings LP Decreased by $507.00 Million Its Position

June 17, 2018 - By Vivian Park

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) LogoInvestors sentiment increased to 1.67 in 2018 Q1. Its up 0.33, from 1.34 in 2017Q4. It is positive, as 38 investors sold NCLH shares while 91 reduced holdings. 61 funds opened positions while 154 raised stakes. 208.22 million shares or 2.74% more from 202.66 million shares in 2017Q4 were reported. Texas Permanent School Fund reported 53,273 shares or 0.04% of all its holdings. 12,138 are owned by Scotia Capital. Janney Montgomery Scott Ltd Liability holds 6,128 shares or 0% of its portfolio. Invsts stated it has 0.55% in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). Kentucky Retirement System Trust Fund has 0.05% invested in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). Point72 Asia (Hong Kong) has 6,536 shares. Gsa Capital Partners Llp reported 151,946 shares. Livforsakringsbolaget Skandia Omsesidigt reported 0.01% in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). Massachusetts Fincl Svcs Ma invested in 0% or 205,914 shares. Fred Alger Management Incorporated accumulated 1.84 million shares. 244,063 were accumulated by Panagora Asset Management Inc. Glenmede Trust Na invested in 8,325 shares. Adage Partners Group Inc owns 274,900 shares. Gotham Asset Mngmt Limited Liability stated it has 6,197 shares. Sei Investments owns 84,939 shares.

Since March 2, 2018, it had 0 insider buys, and 2 insider sales for $1.09 billion activity.

Apollo Management Holdings Lp decreased its stake in Norwegian Cruise Line Hldgs (NCLH) by 38.27% based on its latest 2018Q1 regulatory filing with the SEC. Apollo Management Holdings Lp sold 9.75M shares as the company’s stock declined 6.59% with the market. The institutional investor held 15.73 million shares of the marine transportation company at the end of 2018Q1, valued at $833.15M, down from 25.48 million at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Norwegian Cruise Line Hldgs for a number of months, seems to be less bullish one the $12.35 billion market cap company. The stock increased 0.92% or $0.5 during the last trading session, reaching $54.95. About 2.35M shares traded or 20.97% up from the average. Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) has risen 6.81% since June 17, 2017 and is uptrending. It has underperformed by 5.76% the S&P500.

Apollo Management Holdings Lp, which manages about $10.79B US Long portfolio, upped its stake in Kayne Anderson Acquisition by 473,000 shares to 1.47 million shares, valued at $14.81M in 2018Q1, according to the filing. It also increased its holding in Time Warner Inc (Call) (NYSE:TWX) by 350,000 shares in the quarter, for a total of 450,000 shares, and has risen its stake in Nrg Yield Inc.

Analysts await Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) to report earnings on August, 14. They expect $1.03 EPS, up 13.19 % or $0.12 from last year’s $0.91 per share. NCLH’s profit will be $231.44 million for 13.34 P/E if the $1.03 EPS becomes a reality. After $0.60 actual EPS reported by Norwegian Cruise Line Holdings Ltd. for the previous quarter, Wall Street now forecasts 71.67 % EPS growth.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Ratings Coverage

Among 8 analysts covering Norwegian Cruise Line (NASDAQ:NCLH), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Norwegian Cruise Line has $70.0 highest and $58 lowest target. $66.67’s average target is 21.33% above currents $54.95 stock price. Norwegian Cruise Line had 13 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Wednesday, January 17. The rating was maintained by Morgan Stanley on Friday, February 2 with “Equal-Weight”. The rating was maintained by Deutsche Bank on Friday, February 23 with “Hold”. JP Morgan upgraded the shares of NCLH in report on Monday, February 5 to “Overweight” rating. As per Friday, March 9, the company rating was maintained by Tigress Financial. The company was maintained on Thursday, February 22 by SunTrust. The stock of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has “Buy” rating given on Monday, February 5 by J.P. Morgan. The stock of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) earned “Buy” rating by Susquehanna on Thursday, January 18. The company was maintained on Monday, May 7 by Tigress Financial. Deutsche Bank upgraded Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) on Wednesday, April 18 to “Buy” rating.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Ratings Chart

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