Investors Purchase Large Volume of Call Options on Norwegian Cruise Line (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) saw unusually large options trading activity on Tuesday. Traders purchased 31,695 call options on the company. This represents an increase of 31% compared to the typical daily volume of 24,195 call options.

Institutional Investors Weigh In On Norwegian Cruise Line

Several institutional investors and hedge funds have recently bought and sold shares of NCLH. MUFG Securities EMEA plc bought a new position in shares of Norwegian Cruise Line during the second quarter valued at $26,000. Sentry Investment Management LLC bought a new position in Norwegian Cruise Line during the 2nd quarter valued at about $31,000. Clearstead Advisors LLC grew its stake in Norwegian Cruise Line by 130.2% during the fourth quarter. Clearstead Advisors LLC now owns 1,607 shares of the company’s stock worth $36,000 after buying an additional 909 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $42,000. Finally, Thompson Investment Management Inc. acquired a new position in shares of Norwegian Cruise Line in the 4th quarter worth approximately $44,000. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NCLH. Susquehanna cut their target price on Norwegian Cruise Line from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. The Goldman Sachs Group lowered Norwegian Cruise Line from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Tuesday, December 9th. Citigroup upped their price target on shares of Norwegian Cruise Line from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Barclays decreased their target price on Norwegian Cruise Line from $28.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Finally, Zacks Research cut Norwegian Cruise Line from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.05.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock traded up $1.11 during trading on Tuesday, reaching $23.96. The company had a trading volume of 12,978,825 shares, compared to its average volume of 19,182,688. Norwegian Cruise Line has a one year low of $14.21 and a one year high of $27.41. The firm’s 50 day simple moving average is $21.92 and its two-hundred day simple moving average is $22.65. The company has a debt-to-equity ratio of 6.22, a current ratio of 0.19 and a quick ratio of 0.17. The company has a market capitalization of $10.91 billion, a PE ratio of 17.57, a PEG ratio of 0.58 and a beta of 2.06.

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.