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 $1,064,639 were sold by Del Rio Frank J on Nov 15. At $18.33 per share, Del Rio Frank J sold 58,072 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Kempa Mark sold 25,000 shares, netting a total of over 463,425 in proceeds. Following the sale of shares at $18.54 each, the insider now holds 197,651 shares.
Before that, Farkas Daniel S had sold 44,000 shares from its account. In a trade valued at $788,700, the EVP Gen. Counsel & Asst. Sec’y traded Norwegian Cruise Line Holdings Ltd. shares for $17.93 each. Upon closing the transaction, the insider’s holdings decreased to 44,000 shares, worth approximately $3.59 million.
As published in a research note from Morgan Stanley on January 10, 2023, Norwegian Cruise Line Holdings Ltd. [NCLH] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $11.50. This represents a -35.22% premium over Thursday’s closing price. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. Earlier on November 17, 2022, Credit Suisse downgraded its rating. Their new recommendation was “an Underperform” for NCLH stock which previously was a “an Outperform”.
Analyzing NCLH Stock Performance
On Thursday, Norwegian Cruise Line Holdings Ltd. [NYSE: NCLH] rose 2.71% to $15.55. The stock’s lowest price that day was $14.61, but it reached a high of $15.60 in the same session. During the last five days, there has been a drop of approximately -7.16%. Over the course of the year, Norwegian Cruise Line Holdings Ltd. shares have jumped approximately 27.04%. Shares of the company reached a 52-week high of $18.54 on 01/24/23 and a 52-week low of $11.76 on 01/03/23. A 50-day SMA is recorded $15.19, while a 200-day SMA reached $14.39. Nevertheless, trading volume fell to 15.99 million shares from 46.63 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 14.91, which, if violated, would cause prices to drop to 14.26. In the upper region, resistance lies at 15.90. The next price resistance is at 16.24. RSI (Relative Strength Index) is 44.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 70.03%, indicating bearish price movement. Stochastics %K at buying 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 rise in short interest on Jan 12, 2023 jumping by 50000.0 shares to 41.7 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 41.65 million shares. A jump of 0.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.9.
Which companies own the most shares of Norwegian Cruise Line Holdings Ltd. (NCLH)?
According to The Vanguard Group, Inc. filings, the company currently owns 46,080,091 shares, which is about 10.94% of the total NCLH shares outstanding. The investor’s shares have appreciated by 747,998 from its previous 13-F filing of 45332093.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $520,102,163. BlackRock Fund Advisors acquire a 2.92% interest valued at $301.39 million while SSgA Funds Management, Inc. sold a -91,480 stake. A total of 316,246 shares of Norwegian Cruise Line Holdings Ltd. were sold by Geode Capital Management LLC during the quarter, and -166,703 were sold by Ariel Investments LLC. In its current portfolio, Qube Research & Technologies Ltd. holds 6,966,854 shares valued at $105.97 million.
In terms of Norwegian Cruise Line Holdings Ltd. share price expectations, FactSet research, analysts set an average price target of $16.31 in the next 12 months, up nearly 12.29% from the previous closing price of $15.14. Analysts anticipate Norwegian Cruise Line Holdings Ltd. stock to reach $21.00 by 2023, with the lowest price target being $11.00. In spite of this, 15 analysts ranked Norwegian Cruise Line Holdings Ltd. stock as an Overweight at the end of 2023. On October 12, 2022, UBS assigned a price target of “a Buy” to the stock and upgraded coverage with a $18.