The Vanguard Group, Inc. recently announced the acquisition of new stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.93% to 45.33 million shares with purchase of 0.86 million shares. This fresh investment now brings its stake to 10.76% valued currently at $765.66 million. In addition, BlackRock Fund Advisors raised its holdings by 0.15 million to 19.4 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.55% or 0.2 million shares – to 13.43 million shares.
With over 9.95 million Norwegian Cruise Line Holdings Ltd. (NCLH) shares trading Friday and a closing price of $16.37 on the day, the dollar volume was approximately $162.95 million. The shares have shown a positive half year performance of 6.99% and its price on 11/18/22 lost nearly -0.18%. Currently, there are 420.80M common shares owned by the public and among those 419.66M shares have been available to trade.
Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 1,185,310 shares. Insider sales of the common stock occurred on 49 occasions, with total insider shares sold totaling 691,976 shares.
The top 3 mutual fund holders in Norwegian Cruise Line Holdings Ltd. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 12.64 million shares of the company’s stock, all valued at over $213.53 million. The company bought an additional 41063.0 shares recently to bring their total holdings to about 3.00% of the shares outstanding. Vanguard Small Cap Index Fund bought 0.17 million shares to see its total holdings expand to 10.87 million shares valued at over $183.64 million and representing 2.58% of the shares outstanding. Vanguard 500 Index Fund bought 92853.0 shares to bring its total holdings to over 9.64 million shares at a value of $162.84 million. Vanguard 500 Index Fund now owns shares totaling to 2.29% of the shares outstanding.
Shares of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) opened at $16.73, up $0.33 from a prior closing price of $16.40. However, the script later moved the day high at 16.85, down -0.18%. The company’s stock has a 5-day price change of -8.34% and 30.44% over the past three months. NCLH shares are trading -21.07% year to date (YTD), with the 12-month market performance down to -30.58% lower. It has a 12-month low price of $10.31 and touched a high of $24.24 over the same period. NCLH has an average intraday trading volume of 21.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.75%, 9.81%, and 2.52% respectively.
Institutional ownership of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares accounts for 58.80% of the company’s 420.80M shares outstanding. Mutual fund holders own 27.06%, while other institutional holders and individual stakeholders account for 31.15% and 16.09% respectively.
It has a market capitalization of $6.91B and a beta (3y monthly) value of 2.48. The earnings-per-share (ttm) stands at -$8.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.36% over the week and 5.71% over the month.
Analysts forecast that Norwegian Cruise Line Holdings Ltd. (NCLH) will achieve an EPS of -$0.7 for the current quarter, -$0.75 for the next quarter and $1.25 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.83 while analysts give the company a high EPS estimate of -$0.56. Comparatively, EPS for the current quarter was -$2.17 a year ago. Earnings per share for the fiscal year are expected to increase by 21.70%, and 124.80% over the next financial year.
Looking at the support for the NCLH, a number of firms have released research notes about the stock. Credit Suisse stated their Underperform rating for the stock in a research note on November 17, 2022, with the firm’s price target at $20-$14. UBS coverage for the Norwegian Cruise Line Holdings Ltd. (NCLH) stock in a research note released on October 12, 2022 offered a Buy rating with a price target of $18. Truist was of a view on September 20, 2022 that the stock is Buy, while Barclays gave the stock Equal Weight rating on June 29, 2022, issuing a price target of $14. Susquehanna on their part issued Positive rating on June 09, 2022.