Investors Purchase High Volume of Norwegian Cruise Line Call Options (NCLH)
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the target of some unusual options trading on Thursday. Stock traders purchased 18,165 call options on the company. This is an increase of 1,877% compared to the typical volume of 919 call options.
Several research firms have recently issued reports on NCLH. Zacks Investment Research upgraded Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Stifel Nicolaus restated a “buy” rating and set a $67.00 target price (down from $69.00) on shares of Norwegian Cruise Line in a research report on Thursday, October 19th. Wedbush set a $65.00 target price on Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 12th. Morgan Stanley boosted their target price on Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, Barclays boosted their target price on Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.07.
In other Norwegian Cruise Line news, CEO Jason Montague sold 15,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the business’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 disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Schwab Charles Investment Management Inc. raised its stake in shares of Norwegian Cruise Line by 14.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 414,710 shares of the company’s stock worth $22,515,000 after purchasing an additional 53,621 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Norwegian Cruise Line by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,327 shares of the company’s stock worth $38,075,000 after purchasing an additional 13,371 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Norwegian Cruise Line by 21.2% during the 2nd quarter. Victory Capital Management Inc. now owns 17,933 shares of the company’s stock worth $974,000 after purchasing an additional 3,138 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Norwegian Cruise Line by 0.4% during the 2nd quarter. Prudential Financial Inc. now owns 269,012 shares of the company’s stock worth $14,605,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Norwegian Cruise Line during the 2nd quarter worth approximately $455,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.
Shares of Norwegian Cruise Line (NASDAQ:NCLH) opened at $54.87 on Friday. The company has a market capitalization of $12,540.00, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.34 and a quick ratio of 0.31. Norwegian Cruise Line has a 12 month low of $43.90 and a 12 month high of $61.48.
Norwegian Cruise Line (NASDAQ:NCLH) last released its earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. equities research analysts expect that Norwegian Cruise Line will post 3.66 earnings per share 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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