Norwegian Cruise Line (NCLH)

• Market cap: $11.5B
• 1 day: -0.78%
• 5 days: -1.86%
• 1 month: 3.25%
• 3 months: 39.99%
• 6 months: 26.65%
• Year to date: -2.08%
• 1 year: 28.44%
• 5 years: 47.05%
• 10 years: -59.13%
• Sector: Consumer Discretionary
• Industry: Travel Services

About: Norwegian Cruise Line is the world's third-largest publicly traded cruise company by berths (around 71,000). It operates 34 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 13 passenger vessels on order among its brands through 2036, representing 38,400 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 Q2 regulatory disclosures by fund managers ($100M+ AUM)

60% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 8 (+3) [Q2]

26% more repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 178

9% more capital invested

Capital invested by funds: $6.62B [Q1] → $7.19B (+$566M) [Q2]

0.13% less ownership

Funds ownership: 79.41% [Q1] → 79.28% (-0.13%) [Q2]

4% less funds holding

Funds holding: 635 [Q1] → 608 (-27) [Q2]

14% less call options, than puts

Call options by funds: $416M | Put options by funds: $483M

17% less first-time investments, than exits

New positions opened: 81 | Existing positions closed: 98

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $25
• Avg. target: $30
• High target: $38

11 analyst ratings

• positive: 7 64%
• neutral: 4 36%
• negative: 0 0%

Stifel Steven Wieczynski	$37	Buy Maintained	11 Sep 2025
Tigress Financial Ivan Feinseth	$38	Strong Buy Maintained	27 Aug 2025
UBS Robin Farley	$27	Neutral Maintained	26 Aug 2025
Morgan Stanley Stephen Grambling	$26	Equal-Weight Maintained	4 Aug 2025
Mizuho Ben Chaiken	$29	Outperform Maintained	1 Aug 2025