Virginia Retirement Systems et al. purchases Norwegian Cruise Line shares
The institutional investor acquired 130,000 shares during the second quarter as the cruise company reported earnings above analyst expectations and revenue slightly below estimates.
Virginia Retirement Systems et al. purchased 130,000 shares of Norwegian Cruise Line Holdings Ltd. during the second quarter. The transaction was valued at approximately $2,744,000. Institutional investors currently own 69.58% of Norwegian Cruise Line stock.
Norwegian Cruise Line reported quarterly earnings of $0.48 per share, surpassing the analyst consensus estimate of $0.41 by $0.07. The company posted revenue of $2.64 billion for the quarter, compared with analyst estimates of $2.65 billion.
Quarterly revenue increased 4.9% from the same period a year earlier. According to MarketBeat data, Norwegian Cruise Line had an average Hold rating and an average price target of $20.95.
