Norwegian Cruise LineNCLH
About: Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 70,000). It operates 33 ships across three brands—Norwegian, Oceania, and Regent Seven Seas—offering both freestyle and luxury cruising. The company redeployed its entire fleet as of May 2022. With 12 passenger vessels on order among its brands through 2036, representing 37,500 incremental berths, Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
Employees: 41,700
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
25% more repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 185
0.05% less ownership
Funds ownership: 79.43% [Q4 2024] → 79.38% (-0.05%) [Q1 2025]
5% less funds holding
Funds holding: 661 [Q4 2024] → 631 (-30) [Q1 2025]
13% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 111
26% less capital invested
Capital invested by funds: $8.99B [Q4 2024] → $6.62B (-$2.38B) [Q1 2025]
34% less call options, than puts
Call options by funds: $304M | Put options by funds: $462M
58% less funds holding in top 10
Funds holding in top 10: 12 [Q4 2024] → 5 (-7) [Q1 2025]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Citigroup James Hardiman | 41%upside $25 | Buy Maintained | 5 Jun 2025 |
Truist Securities Patrick Scholes | 52%upside $27 | Buy Maintained | 19 May 2025 |
Macquarie Paul Golding | 52%upside $27 | Outperform Maintained | 9 May 2025 |
Morgan Stanley Stephen Grambling | 12%upside $20 | Equal-Weight Maintained | 6 May 2025 |
Loop Capital Laura Champine | 35%upside $24 | Buy Maintained | 1 May 2025 |
Financial journalist opinion
Based on 18 articles about NCLH published over the past 30 days









