Bristol John W & Company INC Increased Norwegian Cruise Line Hldgs (NASDAQ:NCLH) by $16.86 Million as Shares Declined


Bristol John W & Company Inc increased its stake in Norwegian Cruise Line Hldgs (NASDAQ:NCLH) by 28.34% based on its latest 2016Q2 regulatory filing with the SEC. Bristol John W & Company Inc bought 306,510 shares as the company’s stock declined 4.66% while stock markets rallied. The institutional investor held 1.39 million shares of the marine transportation company at the end of 2016Q2, valued at $76.74 million, up from 1.08 million at the end of the previous reported quarter. Bristol John W & Company Inc who had been investing in Norwegian Cruise Line Hldgs for a number of months, seems to be bullish on the $8.15 billion market cap company. The stock is down 0.33% or $0.12 hitting $35.13, despite the positive news. About 1.40M shares traded hands. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) has declined 7.72% since February 8, 2016 and is downtrending. It has underperformed by 24.21% the S&P500.

Bristol John W & Company Inc, which manages about $6.27B and $3.70B US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 23,346 shares to 564,373 shares, valued at $94.04M in 2016Q2, according to the filing. It also reduced its holding in Texas Instrs Inc (NASDAQ:TXN) by 80,936 shares in the quarter, leaving it with 1.86M shares, and cut its stake in Progressive Corp Ohio (NYSE:PGR).

Bristol John W & Company Inc is a New York-based institutional investor with more than $6.27 billion AUM in March, 2014. Taken from Bristol John W & Company latest Adv, the fund reported to have 21 full and part-time employees. Among which 12 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.10, from 1.19 in 2016Q1. The ratio worsened, as 45 funds sold all NCLH shares owned while 93 reduced positions. 53 funds bought stakes while 98 increased positions. They now own 198.20 million shares or 3.72% more from 191.09 million shares in 2016Q1.

Roystone Capital Management Lp holds 2.13% of its portfolio in NCLH for 846,700 shares. Bristol John W & Co Inc Ny owns 1.31 million shares or 1.47% of their US portfolio. Moreover, Tremblant Capital Group has 1.28% invested in the company for 552,844 shares. The Ohio-based Winslow Asset Management Inc has invested 1.22% in the stock. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 25,816 shares.

Out of 11 analysts covering Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Norwegian Cruise Line Holdings Ltd has been the topic of 16 analyst reports since September 18, 2015 according to StockzIntelligence Inc. Bernstein initiated the stock on September 9 with “Outperform” rating. Stifel Nicolaus maintained the shares of NCLH in a report on July 20 with “Buy” rating. Lastly, Nomura maintained the stock with “Buy” rating in an August 10 report.

Norwegian Cruise Line Holdings Ltd. is a global cruise company. The company has a market cap of $8.15 billion. The Firm operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. It has a 15.84 P/E ratio. The Company’s brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

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