Stock Traders Buy Large Volume of Norwegian Cruise Line Call Options (NCLH)

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the recipient of some unusual options trading on Monday. Stock traders acquired 7,064 call options on the stock. This is an increase of approximately 1,118% compared to the typical daily volume of 580 call options.

Shares of Norwegian Cruise Line (NASDAQ:NCLH) traded up $1.38 during midday trading on Wednesday, hitting $58.88. The company had a trading volume of 1,465,256 shares, compared to its average volume of 1,660,755. The stock has a market cap of $13,140.00, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. 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 52 week low of $46.96 and a 52 week high of $61.48.

Several analysts have weighed in on NCLH shares. BidaskClub raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Wedbush set a $65.00 price target on Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 12th. Zacks Investment Research raised Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Saturday, January 20th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Finally, Morgan Stanley raised their price target on Norwegian Cruise Line from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $63.38.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Norwegian Cruise Line by 35.7% during the 4th quarter. BlackRock Inc. now owns 11,085,276 shares of the company’s stock worth $590,293,000 after acquiring an additional 2,914,618 shares during the last quarter. DSM Capital Partners LLC grew its position in Norwegian Cruise Line by 106.1% during the 3rd quarter. DSM Capital Partners LLC now owns 3,591,761 shares of the company’s stock worth $194,135,000 after acquiring an additional 1,848,761 shares during the last quarter. Capital Growth Management LP bought a new position in Norwegian Cruise Line during the 3rd quarter worth approximately $65,941,000. Guggenheim Capital LLC grew its position in Norwegian Cruise Line by 994.2% during the 4th quarter. Guggenheim Capital LLC now owns 1,112,884 shares of the company’s stock worth $59,262,000 after acquiring an additional 1,011,177 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Norwegian Cruise Line by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 8,232,552 shares of the company’s stock worth $444,968,000 after acquiring an additional 822,804 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors.

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Norwegian Cruise Line Company Profile

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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