Investors Buy 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 on Monday. Investors purchased 7,064 call options on the stock. This represents an increase of approximately 1,118% compared to the typical volume of 580 call options.
In other news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of Norwegian Cruise Line stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $54.11, for a total value of $270,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.98% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCLH. Toronto Dominion Bank increased its position in Norwegian Cruise Line by 12.4% during 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 period. Cerebellum GP LLC acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $112,000. Tower Research Capital LLC TRC increased its position in Norwegian Cruise Line by 395.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock worth $143,000 after buying an additional 2,154 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Norwegian Cruise Line during the third quarter worth approximately $202,000. Finally, Baird Financial Group Inc. acquired a new position in Norwegian Cruise Line during the fourth quarter worth approximately $216,000. 88.85% of the stock is currently owned by institutional investors.
Norwegian Cruise Line (NASDAQ:NCLH) traded up $1.38 on Wednesday, reaching $58.88. The company’s stock had a trading volume of 1,465,256 shares, compared to its average volume of 1,660,755. The firm has a market capitalization of $13,140.00, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. Norwegian Cruise Line has a 52 week low of $46.96 and a 52 week 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.
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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