Stock Traders Purchase Large Volume of Call Options on Norwegian Cruise Line (NCLH)

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the target of some unusual options trading activity on Monday. Investors purchased 7,064 call options on the company. This is an increase of 1,118% compared to the average daily volume of 580 call options.

In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.98% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of NCLH. PNC Financial Services Group Inc. lifted its position in Norwegian Cruise Line by 10.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,278 shares of the company’s stock worth $232,000 after buying an additional 388 shares during the last quarter. Stifel Financial Corp lifted its position in Norwegian Cruise Line by 19.5% in the second quarter. Stifel Financial Corp now owns 25,865 shares of the company’s stock worth $1,398,000 after buying an additional 4,216 shares during the last quarter. Royal Bank of Canada lifted its position in Norwegian Cruise Line by 16.3% in the second quarter. Royal Bank of Canada now owns 70,947 shares of the company’s stock worth $3,852,000 after buying an additional 9,943 shares during the last quarter. State Street Corp lifted its position in Norwegian Cruise Line by 1.2% in the second quarter. State Street Corp now owns 2,950,384 shares of the company’s stock worth $160,177,000 after buying an additional 35,511 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Norwegian Cruise Line in the second quarter worth $307,000. Institutional investors own 88.85% of the company’s stock.

NCLH has been the subject of a number of recent research reports. SunTrust Banks raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Thursday, January 11th. Tigress Financial reissued a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Wedbush set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 12th. Finally, Argus initiated coverage on shares of Norwegian Cruise Line in a report on Wednesday, October 25th. They issued a “buy” rating and a $68.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. Norwegian Cruise Line presently has a consensus rating of “Buy” and an average price target of $63.38.

Shares of Norwegian Cruise Line (NASDAQ:NCLH) traded up $1.38 on Wednesday, reaching $58.88. The company had a trading volume of 1,465,256 shares, compared to its average volume of 1,660,755. The company has a market capitalization of $13,140.00, a P/E ratio of 18.40, a PEG ratio of 0.56 and a beta of 1.17. Norwegian Cruise Line has a 12 month low of $46.96 and a 12 month high of $61.48. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.31 and a current ratio of 0.34.

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Norwegian Cruise Line Company Profile

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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