A company insider recently bought 100,000 shares of Norwegian Cruise Line Holdings Ltd. [NCLH]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Norwegian Cruise Line Holdings Ltd. shares valued at $1,512,500 were purchased by Galbut Russell W on May 23. At $15.12 per share, Galbut Russell W acquired 100,000 shares. The insider’s holdings grew to 489,917 shares worth approximately $6.36 million following the completion of this transaction.


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Also, Binder Robert sold 33,863 shares, netting a total of over 850,670 in proceeds. Following the sale of shares at $25.12 each, the insider now holds 137,426 shares.

As published in their initiating research note from Barclays on June 29, 2022, Norwegian Cruise Line Holdings Ltd. [NCLH] has been an Equal weight and the price target has been revised to $14. This represents a 7.29% premium over Thursday’s closing price. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in early June. As of March 30, 2022, Wells Fargo has initiated its “an Overweight” rating for NCLH. Earlier on March 17, 2022, Morgan Stanley upgraded its rating. Their new recommendation was “an Equal-weight” for NCLH stock which previously was a “an Underweight”.

Analyzing NCLH’s Price Performance

On Thursday, Norwegian Cruise Line Holdings Ltd. [NYSE: NCLH] plunged -0.08% to $12.98. The stock’s lowest price that day was $12.74, but it reached a high of $13.16 in the same session. During the last five days, there has been a surge of approximately 7.18%. Over the course of the year, Norwegian Cruise Line Holdings Ltd. shares have dropped approximately -37.42%. Shares of the company reached a 52-week high of $23.90 on 02/09/22 and a 52-week low of $10.31 on 06/16/22. A 50-day SMA is recorded $12.71, while a 200-day SMA reached $19.00. Nevertheless, trading volume fell to 14.21 million shares from 23.0 million shares the previous day.

Support And Resistance Levels for Norwegian Cruise Line Holdings Ltd. (NCLH)

According to the 24-hour chart, there is a support level at 12.76, which, if violated, would cause prices to drop to 12.54. In the upper region, resistance lies at 13.18. The next price resistance is at 13.38. RSI (Relative Strength Index) is 55.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 22.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Norwegian Cruise Line Holdings Ltd. subject to short interest?

Stocks of Norwegian Cruise Line Holdings Ltd. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.35 million shares to 40.71 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 42.06 million shares. A decline of -3.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.79 of the overall float, the days-to-cover ratio (short ratio) decline to 1.79.

Which companies own the most shares of Norwegian Cruise Line Holdings Ltd. (NCLH)?

According to The Vanguard Group, Inc. filings, the company currently owns 43,821,709 shares, which is about 10.46% of the total NCLH shares outstanding. The investor’s shares have appreciated by 5,444,148 from its previous 13-F filing of 38377561.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $236,211,118. BlackRock Fund Advisors acquire a 5.68% interest valued at $200.92 million while SSgA Funds Management, Inc. purchased a 1,050,800 stake. A total of 1,046,944 shares of Norwegian Cruise Line Holdings Ltd. were bought by Geode Capital Management LLC during the quarter, and 592,456 were bought by Invesco Capital Management LLC. In its current portfolio, Miller Value Partners LLC holds 4,653,502 shares valued at $51.75 million.

In terms of Norwegian Cruise Line Holdings Ltd. share price expectations, FactSet research, analysts set an average price target of $19.69 in the next 12 months, up nearly 38.57% from the previous closing price of $12.99. Analysts anticipate Norwegian Cruise Line Holdings Ltd. stock to reach $33.00 by 2022, with the lowest price target being $13.00. In spite of this, 16 analysts ranked Norwegian Cruise Line Holdings Ltd. stock as an Overweight at the end of 2022. On February 10, 2022, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $25.

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