Norwegian Cruise Line Sees Unusually Large Options Volume (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Free Report) saw some unusual options trading activity on Thursday. Traders bought 52,205 put options on the company. This is an increase of 65% compared to the typical daily volume of 31,628 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd boosted its holdings in Norwegian Cruise Line by 5,020.8% in the first quarter. Covestor Ltd now owns 1,229 shares of the company’s stock valued at $27,000 after acquiring an additional 1,205 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Norwegian Cruise Line by 272.7% in the first quarter. Parkside Financial Bank & Trust now owns 1,856 shares of the company’s stock valued at $40,000 after acquiring an additional 1,358 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in Norwegian Cruise Line by 46.2% in the second quarter. Stonebridge Capital Advisors LLC now owns 1,900 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new stake in Norwegian Cruise Line in the third quarter valued at $42,000. Finally, Mendota Financial Group LLC bought a new stake in Norwegian Cruise Line in the fourth quarter valued at $66,000. Institutional investors own 60.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Norwegian Cruise Line from $14.50 to $13.50 and set an “underweight” rating on the stock in a research report on Thursday, November 2nd. StockNews.com downgraded shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Tigress Financial restated a “strong-buy” rating and set a $32.00 price objective on shares of Norwegian Cruise Line in a report on Friday, December 15th. Truist Financial reduced their target price on shares of Norwegian Cruise Line from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, November 21st. Finally, Citigroup reduced their target price on shares of Norwegian Cruise Line from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.39.

View Our Latest Report on Norwegian Cruise Line

Norwegian Cruise Line Trading Down 0.1 %

Shares of NCLH opened at $17.79 on Friday. The firm’s 50 day simple moving average is $18.10 and its 200 day simple moving average is $16.95. The company has a market capitalization of $7.57 billion, a P/E ratio of -29.16 and a beta of 2.61. The company has a debt-to-equity ratio of 28.80, a current ratio of 0.30 and a quick ratio of 0.27. Norwegian Cruise Line has a 1-year low of $12.15 and a 1-year high of $22.75.

Norwegian Cruise Line (NYSE:NCLHGet Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.53 billion. Norwegian Cruise Line had a negative net margin of 2.60% and a negative return on equity of 177.38%. The business’s revenue was up 57.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.70) earnings per share. Sell-side analysts forecast that Norwegian Cruise Line will post 0.47 earnings per share for the current fiscal year.

About Norwegian Cruise Line

(Get Free Report)

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.

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