Short Interest in Norwegian Cruise Line Holdings Ltd. (NCLH) Grows By 64.4%

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) saw a large growth in short interest in October. As of October 13th, there was short interest totalling 4,841,123 shares, a growth of 64.4% from the September 29th total of 2,945,241 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 5,983,275 shares, the short-interest ratio is currently 0.8 days.

Norwegian Cruise Line Holdings (NCLH) opened at 54.80 on Tuesday. The firm has a market cap of $12.50 billion, a P/E ratio of 18.52 and a beta of 1.12. The company has a 50-day moving average of $56.05 and a 200 day moving average of $54.54. Norwegian Cruise Line Holdings has a 52 week low of $35.21 and a 52 week high of $61.48.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 8th. The company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.05. Norwegian Cruise Line Holdings had a return on equity of 16.65% and a net margin of 13.22%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.85 EPS. Norwegian Cruise Line Holdings’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Norwegian Cruise Line Holdings will post $3.97 earnings per share for the current year.

Several equities research analysts have commented on NCLH shares. BidaskClub lowered shares of Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Buckingham Research boosted their target price on shares of Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Norwegian Cruise Line Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. UBS AG restated a “neutral” rating and set a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $64.00 target price (up from $60.00) on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, August 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $61.47.

In other Norwegian Cruise Line Holdings news, EVP Harry Sommer sold 11,807 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $58.42, for a total transaction of $689,764.94. Following the sale, the executive vice president now directly owns 42,195 shares in the company, valued at approximately $2,465,031.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Apollo Management Holdings Gp, sold 5,625,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.57, for a total transaction of $306,956,250.00. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of Norwegian Cruise Line Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,396 shares of the company’s stock valued at $510,000 after purchasing an additional 24 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 0.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 20,900 shares of the company’s stock valued at $1,060,000 after purchasing an additional 64 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Norwegian Cruise Line Holdings by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock valued at $222,000 after purchasing an additional 77 shares during the period. M&T Bank Corp boosted its position in shares of Norwegian Cruise Line Holdings by 1.4% in the 2nd quarter. M&T Bank Corp now owns 7,609 shares of the company’s stock valued at $413,000 after purchasing an additional 103 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Norwegian Cruise Line Holdings by 2.4% in the 1st quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 85.73% of the company’s stock.

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Norwegian Cruise Line Holdings 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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