Headlands Technologies buys Norwegian Cruise Line shares
The fund purchased 87,030 shares during the second quarter, while the cruise company reported earnings above the consensus estimate.
Headlands Technologies LLC purchased a new position in Norwegian Cruise Line Holdings during the second quarter, according to an account of its filing with the Securities and Exchange Commission. The fund acquired 87,030 shares valued at approximately $1,837,000.
The report stated that institutional investors and hedge funds own 69.58% of Norwegian Cruise Line stock.
Norwegian Cruise Line reported quarterly earnings per share of $0.48, exceeding the consensus estimate of $0.41. Quarterly revenue was $2.64 billion, compared with the consensus estimate of $2.65 billion.
The company said quarterly revenue increased 4.9% from a year earlier. Market data cited in the report gave Norwegian Cruise Line a consensus Hold rating and an average target price of $21.05.