Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Norwegian Cruise Line Holdings Ltd. shares valued at $921,287 were sold by Montague Jason on Sep 12. At $14.68 per share, Montague Jason sold 62,758 shares. The insider’s holdings dropped to 258,881 shares worth approximately $3.73 million following the completion of this transaction.
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Also, Kempa Mark sold 55,000 shares, netting a total of over 742,692 in proceeds. Following the sale of shares at $13.50 each, the insider now holds 222,651 shares.
Before that, SHERMAN HOWARD J had sold 86,225 shares from its account. In a trade valued at $1,175,273, the Pres. & CEO Oceania Cruises traded Norwegian Cruise Line Holdings Ltd. shares for $13.63 each. Upon closing the transaction, the insider’s holdings decreased to 86,225 shares, worth approximately $2.02 million.
As published in a research note from Truist on September 20, 2022, Norwegian Cruise Line Holdings Ltd. [NCLH] has been rated up from a Hold to a Buy and the price target has been revised to $19 from $18. This represents a 24.26% premium over Thursday’s closing price. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late June. As of June 09, 2022, Susquehanna has initiated its “Positive” rating for NCLH. Earlier on March 30, 2022, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for NCLH stock.
Analyzing NCLH’s Price Performance
On Thursday, Norwegian Cruise Line Holdings Ltd. [NYSE: NCLH] plunged -1.30% to $14.39. The stock’s lowest price that day was $14.085, but it reached a high of $15.02 in the same session. During the last five days, there has been a drop of approximately -7.10%. Over the course of the year, Norwegian Cruise Line Holdings Ltd. shares have dropped approximately -30.62%. 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 $13.39, while a 200-day SMA reached $17.25. Nevertheless, trading volume fell to 24.65 million shares from 25.62 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 13.98, which, if violated, would cause prices to drop to 13.56. In the upper region, resistance lies at 14.91. The next price resistance is at 15.43. RSI (Relative Strength Index) is 52.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 47.80%, indicating low 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 44,472,692 shares, which is about 10.55% of the total NCLH shares outstanding. The investor’s shares have appreciated by 650,983 from its previous 13-F filing of 43821709.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $443,211,248. BlackRock Fund Advisors acquire a 6.55% interest valued at $251.82 million while SSgA Funds Management, Inc. sold a -115,182 stake. A total of 339,926 shares of Norwegian Cruise Line Holdings Ltd. were sold by Geode Capital Management LLC during the quarter, and 2,878,498 were bought by Ariel Investments LLC. In its current portfolio, Invesco Capital Management LLC holds 5,745,084 shares valued at $75.15 million.
In terms of Norwegian Cruise Line Holdings Ltd. share price expectations, FactSet research, analysts set an average price target of $17.23 in the next 12 months, up nearly 9.74% from the previous closing price of $14.58. Analysts anticipate Norwegian Cruise Line Holdings Ltd. stock to reach $26.00 by 2022, with the lowest price target being $13.00. In spite of this, 17 analysts ranked Norwegian Cruise Line Holdings Ltd. stock as an Overweight at the end of 2022. On March 17, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and upgraded coverage with a $19.