Investors Buy High Volume of Norwegian Cruise Line Call Options (NASDAQ:NCLH)

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the recipient of some unusual options trading on Thursday. Stock traders acquired 18,165 call options on the stock. This is an increase of 1,877% compared to the average volume of 919 call options.

In other Norwegian Cruise Line news, CEO Jason Montague sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $55.08, for a total transaction of $826,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $54.11, for a total value of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Aviance Capital Management LLC purchased a new stake in Norwegian Cruise Line in the second quarter valued at $103,000. Toronto Dominion Bank boosted its holdings in Norwegian Cruise Line by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock valued at $106,000 after purchasing an additional 216 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in Norwegian Cruise Line in the second quarter valued at $121,000. Pacer Advisors Inc. acquired a new position in shares of Norwegian Cruise Line in the second quarter worth about $197,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Norwegian Cruise Line in the third quarter worth about $202,000. 88.85% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Norwegian Cruise Line from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and set a $69.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, October 12th. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Argus initiated coverage on Norwegian Cruise Line in a research report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 price target for the company. Finally, Macquarie lowered Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price for the company. in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.00.

Shares of Norwegian Cruise Line (NCLH) opened at $57.85 on Tuesday. The firm has a market cap of $13,220.00, a price-to-earnings ratio of 18.08, a PEG ratio of 0.56 and a beta of 1.09. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08. Norwegian Cruise Line has a 1-year low of $44.20 and a 1-year high of $61.48.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts predict that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.

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About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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