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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Free Report) was the recipient of unusually large options trading on Monday. Stock traders acquired 55,904 call options on the stock. This represents an increase of 47% compared to the typical volume of 38,128 call options.

Norwegian Cruise Line Trading Up 0.8 %

NCLH opened at $17.42 on Tuesday. Norwegian Cruise Line has a twelve month low of $12.70 and a twelve month high of $22.75. The company has a fifty day moving average of $17.13 and a 200-day moving average of $18.10. The stock has a market cap of $7.47 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 0.29 and a beta of 2.62. The company has a quick ratio of 0.22, a current ratio of 0.24 and a debt-to-equity ratio of 33.16.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.24 billion. Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. On average, sell-side analysts predict that Norwegian Cruise Line will post 1.16 EPS for the current year.

Wall Street Analyst Weigh In

NCLH has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, March 5th. Susquehanna dropped their target price on Norwegian Cruise Line from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Mizuho raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Tuesday, May 28th. StockNews.com raised Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Stifel Nicolaus lifted their target price on shares of Norwegian Cruise Line from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Hold” and an average price target of $21.79.

View Our Latest Analysis on NCLH

Insiders Place Their Bets

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne acquired 13,360 shares of Norwegian Cruise Line stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average cost of $16.50 per share, with a total value of $220,440.00. Following the completion of the purchase, the director now directly owns 13,360 shares of the company’s stock, valued at approximately $220,440. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Norwegian Cruise Line

A number of hedge funds have recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line in the first quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new position in Norwegian Cruise Line during the 1st quarter worth approximately $39,000. 1832 Asset Management L.P. bought a new position in Norwegian Cruise Line in the fourth quarter worth approximately $44,000. Parkside Financial Bank & Trust grew its stake in Norwegian Cruise Line by 85.8% in the third quarter. Parkside Financial Bank & Trust now owns 3,726 shares of the company’s stock valued at $61,000 after acquiring an additional 1,721 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Norwegian Cruise Line during the first quarter valued at approximately $61,000. 69.58% of the stock is currently owned by institutional investors.

About Norwegian Cruise Line

(Get Free Report)

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.

Read More

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.