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

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) was the target of unusually large options trading activity on Tuesday. Traders bought 36,210 call options on the stock. This is an increase of approximately 49% compared to the typical daily volume of 24,335 call options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC raised its holdings in 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 during the period. United Capital Financial Advisors LLC increased its position in Norwegian Cruise Line by 3.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 13,928 shares of the company’s stock worth $358,000 after buying an additional 498 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Norwegian Cruise Line by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 46,016 shares of the company’s stock worth $944,000 after buying an additional 509 shares during the period. Mount Lucas Management LP lifted its position in shares of Norwegian Cruise Line by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 22,055 shares of the company’s stock valued at $452,000 after buying an additional 516 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Norwegian Cruise Line by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,757 shares of the company’s stock valued at $918,000 after acquiring an additional 521 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NCLH. JPMorgan Chase & Co. raised their target price on shares of Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Loop Capital assumed coverage on Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price objective for the company. Citigroup boosted their target price on Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd. Finally, Morgan Stanley upped their price target on shares of Norwegian Cruise Line from $19.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.19.

Norwegian Cruise Line Price Performance

NYSE NCLH opened at $18.79 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. The firm has a market capitalization of $8.26 billion, a P/E ratio of 17.23, a PEG ratio of 0.24 and a beta of 2.62. The company has a 50-day moving average price of $25.49 and a 200-day moving average price of $24.22. Norwegian Cruise Line has a 52 week low of $14.69 and a 52 week high of $29.29.

About Norwegian Cruise Line

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.