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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was the target of some unusual options trading on Tuesday. Stock traders purchased 36,210 call options on the stock. This is an increase of approximately 49% compared to the typical volume of 24,335 call options.

Institutional Trading of Norwegian Cruise Line

A number of institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC boosted its position in shares of Norwegian Cruise Line by 34.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,686 shares of the company’s stock worth $35,000 after purchasing an additional 429 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in Norwegian Cruise Line by 3.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after acquiring an additional 498 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Norwegian Cruise Line by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after acquiring an additional 509 shares during the last quarter. Mount Lucas Management LP raised its stake in Norwegian Cruise Line by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock worth $452,000 after acquiring an additional 516 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Norwegian Cruise Line by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock worth $918,000 after acquiring an additional 521 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Up 1.2 %

Shares of NYSE NCLH opened at $19.00 on Thursday. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35. The stock has a market capitalization of $8.36 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The stock’s fifty day simple moving average is $25.35 and its two-hundred day simple moving average is $24.18. Norwegian Cruise Line has a 12-month low of $14.69 and a 12-month high of $29.29.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial boosted their price target on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upped their price objective on Norwegian Cruise Line from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 17th. Tigress Financial reaffirmed a “strong-buy” rating and issued a $36.00 price objective on shares of Norwegian Cruise Line in a research note on Tuesday. Barclays raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $28.00 to $32.00 in a research note on Friday, December 13th. Finally, Macquarie increased their price target on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Norwegian Cruise Line currently has an average rating of “Moderate Buy” and an average price target of $29.19.

Norwegian Cruise Line Company Profile

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 through 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 ports, including Scandinavia, Northern Europe, 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.