Short Interest in Norwegian Cruise Line Holdings Ltd. (NCLH) Grows By 19.6%

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 10,951,592 shares, an increase of 19.6% from the September 15th total of 9,160,547 shares. Based on an average trading volume of 2,151,924 shares, the short-interest ratio is currently 5.1 days. Approximately 7.0% of the company’s stock are sold short.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 37.79 on Friday. Norwegian Cruise Line Holdings has a 12-month low of $34.16 and a 12-month high of $64.27. The stock has a 50 day moving average of $36.64 and a 200-day moving average of $43.17. The company has a market capitalization of $8.58 billion, a PE ratio of 17.02 and a beta of 1.18.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Norwegian Cruise Line Holdings had a net margin of 11.09% and a return on equity of 16.47%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Norwegian Cruise Line Holdings will post $3.40 earnings per share for the current year.

In other Norwegian Cruise Line Holdings news, CEO Rio Frank J. Del bought 55,623 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was bought at an average cost of $35.96 per share, with a total value of $2,000,203.08. Following the completion of the transaction, the chief executive officer now directly owns 451,171 shares in the company, valued at approximately $16,224,109.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP T. Robin Lindsay bought 12,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of $35.90 per share, with a total value of $430,800.00. Following the completion of the transaction, the executive vice president now owns 72,647 shares of the company’s stock, valued at $2,608,027.30. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NCLH. State Street Corp raised its position in shares of Norwegian Cruise Line Holdings by 3.9% in the first quarter. State Street Corp now owns 2,555,410 shares of the company’s stock worth $141,293,000 after buying an additional 96,983 shares during the last quarter. Calixto Global Investors LP raised its position in shares of Norwegian Cruise Line Holdings by 63.2% in the first quarter. Calixto Global Investors LP now owns 495,720 shares of the company’s stock worth $27,408,000 after buying an additional 191,997 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Norwegian Cruise Line Holdings by 4.3% in the first quarter. Geode Capital Management LLC now owns 1,002,023 shares of the company’s stock worth $55,371,000 after buying an additional 41,288 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Norwegian Cruise Line Holdings by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 4,171,325 shares of the company’s stock worth $166,186,000 after buying an additional 251,427 shares during the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Norwegian Cruise Line Holdings during the first quarter worth $3,918,000. Institutional investors own 88.30% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Norwegian Cruise Line Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Stifel Nicolaus decreased their target price on shares of Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Wedbush decreased their target price on shares of Norwegian Cruise Line Holdings from $59.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Macquarie assumed coverage on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, October 4th. They set a “neutral” rating and a $38.00 target price for the company. Finally, Citigroup Inc. reissued a “buy” rating and set a $58.00 target price on shares of Norwegian Cruise Line Holdings in a research report on Tuesday, August 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Norwegian Cruise Line Holdings presently has a consensus rating of “Buy” and a consensus price target of $54.00.

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

5 Day Chart for NASDAQ:NCLH

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