Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) was the target of some unusual options trading activity on Thursday. Traders purchased 18,165 call options on the stock. This represents an increase of approximately 1,877% compared to the average volume of 919 call options.

In other news, CEO Jason Montague sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.08, for a total value of $826,200.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $54.11, for a total transaction of $270,550,000.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. lifted its position in Norwegian Cruise Line by 1.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock worth $222,000 after buying an additional 77 shares during the last quarter. M&T Bank Corp lifted its position in Norwegian Cruise Line by 1.4% in the second quarter. M&T Bank Corp now owns 7,609 shares of the company’s stock worth $413,000 after buying an additional 103 shares during the last quarter. Toronto Dominion Bank lifted its position in Norwegian Cruise Line by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after buying an additional 216 shares during the last quarter. Nordea Investment Management AB lifted its position in Norwegian Cruise Line by 7.0% in the second quarter. Nordea Investment Management AB now owns 4,600 shares of the company’s stock worth $250,000 after buying an additional 300 shares during the last quarter. Finally, Kalos Management Inc. lifted its position in Norwegian Cruise Line by 3.4% in the second quarter. Kalos Management Inc. now owns 10,555 shares of the company’s stock worth $573,000 after buying an additional 343 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on NCLH shares. Zacks Investment Research cut shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and set a $69.00 target price on shares of Norwegian Cruise Line in a research note on Thursday, October 12th. Argus started coverage on shares of Norwegian Cruise Line in a research note on Wednesday, October 25th. They set a “buy” rating and a $68.00 target price on the stock. Morgan Stanley raised their target price on shares of Norwegian Cruise Line from $58.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, Barclays raised their target price on shares of Norwegian Cruise Line from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $63.25.

Norwegian Cruise Line (NASDAQ NCLH) traded down $0.36 during mid-day trading on Monday, hitting $60.57. 1,125,005 shares of the company were exchanged, compared to its average volume of 1,663,979. Norwegian Cruise Line has a 1 year low of $46.83 and a 1 year 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. The stock has a market capitalization of $13,850.00, a price-to-earnings ratio of 18.93, a PEG ratio of 0.56 and a beta of 1.09.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, November 9th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $1.62 earnings per share. Norwegian Cruise Line’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts anticipate that Norwegian Cruise Line will post 3.66 EPS for the current fiscal year.

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About Norwegian Cruise Line

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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