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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 31,695 call options on the company. This represents an increase of approximately 31% compared to the average volume of 24,195 call options.

Institutional Trading of Norwegian Cruise Line

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in shares of Norwegian Cruise Line by 26.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 23,133 shares of the company’s stock valued at $439,000 after buying an additional 4,872 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Norwegian Cruise Line by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,346 shares of the company’s stock worth $917,000 after acquiring an additional 2,002 shares during the period. Woodline Partners LP lifted its holdings in Norwegian Cruise Line by 40.7% during the first quarter. Woodline Partners LP now owns 37,149 shares of the company’s stock valued at $704,000 after purchasing an additional 10,743 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Norwegian Cruise Line by 12.1% in the second quarter. KLP Kapitalforvaltning AS now owns 97,000 shares of the company’s stock valued at $1,967,000 after purchasing an additional 10,500 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Norwegian Cruise Line by 44.2% during the second quarter. Vontobel Holding Ltd. now owns 28,026 shares of the company’s stock worth $568,000 after purchasing an additional 8,592 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Norwegian Cruise Line Trading Up 3.1%

Shares of Norwegian Cruise Line stock opened at $23.55 on Wednesday. The firm has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $22.65. The company has a debt-to-equity ratio of 6.22, a quick ratio of 0.17 and a current ratio of 0.19. Norwegian Cruise Line has a fifty-two week low of $14.21 and a fifty-two week high of $27.41. The company has a market cap of $10.72 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.57 and a beta of 2.06.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NCLH. TD Cowen restated a “buy” rating on shares of Norwegian Cruise Line in a research note on Tuesday, January 13th. Morgan Stanley cut their price objective on shares of Norwegian Cruise Line from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, November 10th. Wells Fargo & Company boosted their target price on shares of Norwegian Cruise Line from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. UBS Group reaffirmed a “neutral” rating on shares of Norwegian Cruise Line in a report on Wednesday, January 21st. Finally, Truist Financial reduced their price objective on Norwegian Cruise Line from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Norwegian Cruise Line presently has an average rating of “Moderate Buy” and an average target price of $27.05.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.