Norwegian Cruise Line Holdings (NCLH) Insider Makes Significant Share Sale

Wednesday, November 22, 2017 10:15 PM ET

Norwegian Cruise Line Holdings (NCLH) Insider Makes Significant Share Sale

A filing with the SEC today revealed a substantial insider sale of Norwegian Cruise Line Holdings shares as — Apollo Management Holdings Gp Llc, 10% Owner — sold 5,000,000 shares in the company having a market value of approximately $270,550,000. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 5,015,000 shares and have averaged 2,507,500 shares per transaction over this time period.

The number of buy-sell trades for Norwegian Cruise Line Holdings is close to that of the 4 member peer company average. The Cruise Lines peer group saw 8 buy/sell trades during this period for an average of 2.0 transactions per company. However, the number of shares per buy/sell trade transacted by Norwegian Cruise Line Holdings insiders is higher. Within the peer group there were 0 shares purchased and 266,806 shares sold with company insiders having sold 33,351 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to compose and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at info@uptickdata.com. Copyright 2017 UpTick Data Technologies. All rights reserved.

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