Zillah Byng-Thorne, a director at Norwegian Cruise Line Holdings (NCLH), recently bought 7,930 shares. The buy increased her stake by 19%, and came to a total cost of $197,061.
Byng-Thorne was the last insider to buy with a 13,360 share pickup back in June, for a $220,440 cost out of pocket. Otherwise, several company insiders have been moderate sellers of shares, including the company CEO and Chief Accounting Officer.
Overall, Norwegian Cruise Line insiders own 0.7% of shares.
The cruise line operator has soared 93% over the past year, about triple the returns of the overall stock market. Bookings for cruises remain strong. Norwegian has seen revenues rise 11%, and earnings are up 37%.
Even with the big jump higher in shares, NCLH still trades at 10 times forward earnings, or less than half the valuation of the overall stock market right now.
Action to take: Shares have been in a strong uptrend, but may be overbought in the short-term. Interested investors should buy a small position now, and use any pullback or consolidation to add to that position.
Currently, Norwegian does not pay a dividend.
For traders, shares are likely to keep trending higher over the next few months. The March 2025 $30 calls, last trading for about $2.25, could see mid-double-digit returns from an ongoing rally.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any company mentioned in this article.