Norwegian Cruise Line Holdings Ltd. (NCLH) Sees Large Growth in Short Interest
Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 6,537,980 shares, an increase of 35.1% from the October 13th total of 4,841,123 shares. Based on an average trading volume of 2,761,722 shares, the short-interest ratio is currently 2.4 days. Currently, 3.8% of the company’s shares are sold short.
NCLH has been the subject of a number of research analyst reports. Wedbush set a $65.00 target price on Norwegian Cruise Line Holdings and gave the company a “buy” rating in a research report on Sunday. Buckingham Research boosted their target price on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. UBS AG reaffirmed a “neutral” rating and issued a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Finally, Morgan Stanley boosted their target price on Norwegian Cruise Line Holdings from $58.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.80.
In other news, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total value of $306,956,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NCLH. Aviance Capital Management LLC purchased a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter worth approximately $103,000. Toronto Dominion Bank boosted its stake in shares of Norwegian Cruise Line Holdings by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after buying an additional 216 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter worth approximately $121,000. Pacer Advisors Inc. purchased a new position in shares of Norwegian Cruise Line Holdings in the 2nd quarter worth approximately $197,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Norwegian Cruise Line Holdings in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 86.19% of the company’s stock.
Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at $55.27 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34. The company has a market capitalization of $12,618.06, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. Norwegian Cruise Line Holdings has a twelve month low of $38.50 and a twelve month high of $61.48.
Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line Holdings had a return on equity of 16.97% and a net margin of 13.91%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. sell-side analysts predict that Norwegian Cruise Line Holdings will post 3.82 earnings per share for the current fiscal year.
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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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