Norwegian Cruise Line Target of Unusually High Options Trading (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) saw some unusual options trading on Monday. Traders acquired 32,138 call options on the company. This is an increase of approximately 13% compared to the typical volume of 28,526 call options.

Insider Activity at Norwegian Cruise Line

In related news, insider Andrea Demarco sold 29,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.76, for a total transaction of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 22.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Kempa sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $27.86, for a total transaction of $417,900.00. Following the sale, the chief financial officer now owns 253,386 shares of the company’s stock, valued at approximately $7,059,333.96. This represents a 5.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock valued at $2,269,731 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Norwegian Cruise Line

A number of hedge funds and other institutional investors have recently modified their holdings of NCLH. Prestige Wealth Management Group LLC raised its holdings in Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC lifted its holdings in Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line in the 2nd quarter worth approximately $39,000. Blue Trust Inc. grew its holdings in Norwegian Cruise Line by 489.8% during the 3rd quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock valued at $41,000 after buying an additional 1,817 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Norwegian Cruise Line during the third quarter valued at approximately $56,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $28.31 on Tuesday. The business’s fifty day moving average is $24.21 and its 200 day moving average is $19.95. Norwegian Cruise Line has a fifty-two week low of $14.69 and a fifty-two week high of $28.64. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The company has a market capitalization of $12.45 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 0.30 and a beta of 2.67.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.05. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Norwegian Cruise Line had a return on equity of 99.31% and a net margin of 5.87%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Sell-side analysts predict that Norwegian Cruise Line will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Tigress Financial increased their target price on Norwegian Cruise Line from $32.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Monday, November 11th. Argus raised Norwegian Cruise Line from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group lifted their price objective on Norwegian Cruise Line from $19.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Norwegian Cruise Line from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.27.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.