Norwegian Cruise Line Holdings Target of Unusually Large Options Trading (NCLH)

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the target of some unusual options trading on Friday. Stock investors acquired 9,079 call options on the company. This represents an increase of approximately 1,332% compared to the average volume of 634 call options.

In other news, CEO Jason Montague sold 15,000 shares of Norwegian Cruise Line Holdings stock in a transaction on Monday, June 19th. The stock was sold at an average price of $53.26, for a total transaction of $798,900.00. Following the transaction, the chief executive officer now owns 72,831 shares in the company, valued at $3,878,979.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.98% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NCLH. Seven Eight Capital LP purchased a new position in Norwegian Cruise Line Holdings during the fourth quarter worth about $110,000. Quantbot Technologies LP bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at $116,000. Acadian Asset Management LLC bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at $146,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock valued at $201,000 after buying an additional 266 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Norwegian Cruise Line Holdings during the first quarter valued at $203,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Norwegian Cruise Line Holdings (NASDAQ NCLH) traded up 0.04% during mid-day trading on Friday, reaching $55.07. The company had a trading volume of 665,799 shares. The stock has a market cap of $12.55 billion, a PE ratio of 20.18 and a beta of 1.16. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $56.29. The firm’s 50-day moving average price is $53.35 and its 200-day moving average price is $50.49.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its earnings results on Wednesday, May 10th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Norwegian Cruise Line Holdings had a return on equity of 16.76% and a net margin of 12.57%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Equities research analysts forecast that Norwegian Cruise Line Holdings will post $3.88 EPS for the current fiscal year.

A number of brokerages have recently weighed in on NCLH. Wedbush reiterated a “buy” rating on shares of Norwegian Cruise Line Holdings in a report on Saturday, May 13th. BidaskClub downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Berenberg Bank reiterated a “buy” rating and set a $65.00 price target on shares of Norwegian Cruise Line Holdings in a report on Wednesday, June 28th. Finally, ValuEngine upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.71.

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About Norwegian Cruise Line Holdings

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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