Norwegian Cruise Line Holdings Ltd. (NCLH) looking to reclaim success with recent performance

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) stock jumped 2.91% on Friday to $14.16 against a previous-day closing price of $13.76. With 18.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 22.58 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $14.30 whereas the lowest price it dropped to was $13.78. The 52-week range on NCLH shows that it touched its highest point at $29.45 and its lowest point at $10.31 during that stretch. It currently has a 1-year price target of $19.00. Beta for the stock currently stands at 2.48.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NCLH was up-trending over the past week, with a rise of 7.19%, but this was up by 26.65% over a month. Three-month performance dropped to -4.13% while six-month performance fell -37.43%. The stock lost -45.16% in the past year, while it has lost -31.73% so far this year. A look at the trailing 12-month EPS for NCLH yields -9.87 with Next year EPS estimates of 1.28. For the next quarter, that number is -0.44. This implies an EPS growth rate of 21.70% for this year and 174.10% for next year.

Float and Shares Shorts:

At present, 419.11 million NCLH shares are outstanding with a float of 416.29 million shares on hand for trading. On Jul 14, 2022, short shares totaled 40.71 million, which was 9.71% higher than short shares on Jun 14, 2022. In addition to Mr. Frank J. Del Rio as the firm’s Pres, CEO & Director, Mr. Mark A. Kempa serves as its Exec. VP & CFO.


Institutional Ownership:

Through their ownership of 56.32% of NCLH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.20% of NCLH, in contrast to 21.62% held by mutual funds. Shares owned by individuals account for 16.22%. As the largest shareholder in NCLH with 10.61% of the stake, The Vanguard Group, Inc. holds 44,472,692 shares worth 44,472,692. A second-largest stockholder of NCLH, Capital Research & Management Co, holds 21,242,007 shares, controlling over 5.07% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in NCLH, holding 19,252,604 shares or 4.59% stake. With a 3.86% stake in NCLH, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 16,176,019 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of NCLH stock, is the second-largest Mutual Fund holder. It holds 12,352,677 shares valued at 150.09 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in NCLH, owning 10,587,339 shares worth 128.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCLH since 17 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NCLH analysts setting a high price target of $26.00 and a low target of $13.00, the average target price over the next 12 months is $17.15. Based on these targets, NCLH could surge 83.62% to reach the target high and fall by -8.19% to reach the target low. Reaching the average price target will result in a growth of 21.12% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NCLH will report FY 2022 earnings on 02/23/2023. Analysts have provided yearly estimates in a range of -$1.18 being high and -$4.74 being low. For NCLH, this leads to a yearly average estimate of -$4.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Norwegian Cruise Line Holdings Ltd. surprised analysts by -$0.26 when it reported -$1.14 EPS against a consensus estimate of -$0.88. The surprise factor in the prior quarter was -$0.27. Based on analyst estimates, the high estimate for the next quarter is $0.75 and the low estimate is -$0.78. The average estimate for the next quarter is thus -$0.51.

Summary of Insider Activity:

Insiders traded NCLH stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 264,730 shares were bought while 0 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 1,184,835 while 196,755 shares were sold.

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