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

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the target of unusually large options trading activity on Friday. Stock investors bought 9,079 call options on the stock. This represents an increase of 1,332% compared to the typical volume of 634 call options.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the transaction, the chief executive officer now directly owns 72,831 shares in the company, valued at approximately $3,878,979.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in NCLH. Amalgamated Bank increased its position in shares of Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock worth $442,000 after buying an additional 202 shares in the last quarter. Morgan Stanley increased its position in shares of Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock worth $12,753,000 after buying an additional 113,323 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Norwegian Cruise Line Holdings by 83.3% in the first quarter. Canada Pension Plan Investment Board now owns 69,451 shares of the company’s stock worth $3,523,000 after buying an additional 31,558 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Norwegian Cruise Line Holdings by 26.1% in the first quarter. Prudential Financial Inc. now owns 267,844 shares of the company’s stock worth $13,588,000 after buying an additional 55,469 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Norwegian Cruise Line Holdings during the fourth quarter worth approximately $6,459,000. Institutional investors and hedge funds own 86.08% of the company’s stock.

Shares of Norwegian Cruise Line Holdings (NASDAQ NCLH) traded up 0.18% during mid-day trading on Friday, reaching $55.21. 984,902 shares of the company traded hands. The stock has a market capitalization of $12.58 billion, a PE ratio of 20.23 and a beta of 1.16. Norwegian Cruise Line Holdings has a 52 week low of $34.16 and a 52 week high of $56.36. The firm has a 50 day moving average of $54.15 and a 200-day moving average of $50.93.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its earnings results on Wednesday, May 10th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Norwegian Cruise Line Holdings had a net margin of 12.57% and a return on equity of 16.76%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts expect that Norwegian Cruise Line Holdings will post $3.89 EPS for the current fiscal year.

Several research analysts have commented on NCLH shares. Wedbush upped their price objective on shares of Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, April 26th. BidaskClub lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. ValuEngine upgraded shares of Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. Finally, Berenberg Bank reiterated a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, June 28th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Norwegian Cruise Line Holdings has a consensus rating of “Hold” and an average price target of $51.67.

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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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