Stock Traders Purchase Large Volume of Norwegian Cruise Line Call Options (NYSE:NCLH)

Posted by George Bondi on Oct 30th, 2026

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH – Get Free Report) saw unusually large options trading on Thursday. Stock traders purchased 57,705 call options on the stock. This represents an increase of approximately 146% compared to the typical daily volume of 23,424 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NCLH. Versant Capital Management Inc grew its holdings in shares of Norwegian Cruise Line by 278.4% during the third quarter. Versant Capital Management Inc now owns 1,888 shares of the company’s stock worth $28,000 after buying an additional 1,389 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in Norwegian Cruise Line during the third quarter worth approximately $37,000. Root Financial Partners LLC acquired a new stake in Norwegian Cruise Line during the third quarter worth approximately $41,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Norwegian Cruise Line in the 3rd quarter worth approximately $48,000. Finally, Summit Securities Group LLC grew its stake in Norwegian Cruise Line by 291.3% in the 1st quarter. Summit Securities Group LLC now owns 2,649 shares of the company’s stock worth $50,000 after acquiring an additional 1,972 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Price Performance

NCLH stock opened at $18.24 on Friday. The firm has a 50 day moving average of $15.38 and a 200-day moving average of $18.78. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.93 and a beta of 1.95. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 5.40. Norwegian Cruise Line has a 12-month low of $13.63 and a 12-month high of $25.13.

Norwegian Cruise Line (NYSE:NCLH – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.19. Norwegian Cruise Line had a return on equity of 41.38% and a net margin of 7.49%. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that Norwegian Cruise Line will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NCLH shares. Weiss Ratings downgraded Norwegian Cruise Line from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Bank of America reiterated a “neutral” rating on shares of Norwegian Cruise Line in a research report on Friday, July 31st. UBS Group raised their target price on Norwegian Cruise Line from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Morgan Stanley boosted their target price on shares of Norwegian Cruise Line from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Citigroup decreased their target price on shares of Norwegian Cruise Line from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.90.

View Our Latest Research Report on NCLH

Key Headlines Impacting Norwegian Cruise Line

Here are the key news stories impacting Norwegian Cruise Line this week:

Positive Sentiment: Q3 earnings beat estimates: Adjusted EPS was $1.12 versus the $0.93 consensus, while revenue reached approximately $2.95 billion, ahead of expectations near $2.88 billion. GAAP net income was $491 million, or $1.07 per share. Stronger-than-expected close-in bookings and onboard passenger spending helped drive the outperformance. Norwegian Cruise Line Holdings Reports Third Quarter 2026 Financial Results
Positive Sentiment: Higher 2026 outlook: Management raised full-year adjusted EPS guidance to approximately $1.70, above the FactSet estimate of $1.54. The company also identified another $100 million of structural annual savings, including efficiencies in guest and crew air travel and promotional activity. Norwegian Cruise Line Beats Estimates and Raises Guidance
Positive Sentiment: Cost actions are cushioning fuel pressure: Norwegian said its efficiency program is helping offset higher fuel costs. Management is also prioritizing debt repayment, which could support valuation if savings translate into stronger cash flow and eventual deleveraging. Why Norwegian Cruise Line Stock Jumped
Neutral Sentiment: 2027 growth outlook remains modest: Norwegian projects net yield growth of only 1% to 2% next year, while bookings remain below management’s preferred range. A shorter average trip length—7.3 passenger cruise days versus 8.5 a year earlier—means recent growth relied more on passenger volume than longer, higher-spending voyages. Norwegian Projects 2027 Net Yield Growth
Negative Sentiment: Leverage and leadership risks remain: Interest expense was broadly flat excluding a prior-year debt charge, indicating that improved profits have not yet meaningfully reduced the debt burden. Chief Strategy Officer Meghan Montana will replace longtime CFO Mark Kempa on January 1, 2027, adding a transition risk during the turnaround. Norwegian Cruise Line Announces CFO Transition

About Norwegian Cruise Line

(Get Free Report)

Norwegian Cruise Line Holdings Ltd. is a global cruise company headquartered in Miami, Florida. Through its operating brands—Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises—the company provides cruise vacations to destinations worldwide, including Europe, the Caribbean, Alaska, Asia, South America, Australia and New Zealand.

Norwegian Cruise Line offers contemporary cruises with flexible dining, entertainment and onboard activities. Oceania Cruises focuses on destination-oriented, upscale travel and culinary experiences, while Regent Seven Seas Cruises provides an all-inclusive luxury cruise experience.