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NCNCLH

Norwegian Cruise Line Holdings Ltd.

$NCLH·$8.8B·Travel Services·Consumer Cyclical
$16.650.0%YTD-10.9%1Y-34.4%
Mentions · last 7 days
2026-08-21: 4 posts2026-08-22: 2 posts2026-08-23: 5 posts76-3%
Price updated 3d ago·X counts updated 8d ago
NCNCLH
$NCLHNorwegian Cruise Line Holdings Ltd.
$16.650.00%76 posts-3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $NCLH, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptCooling offAI verdict · as of 2026-08-30

Catching its breath after a run — could pick back up or fade from here.

Norwegian Cruise -34% TTM, oil headwinds fresh — but Seth Klarman's Q2 13F flags value at 15x PE, 0.86x sales.

Norwegian Cruise Line Holdings runs Norwegian, Oceania and Regent Seven Seas. $8.8B mid-cap, down 34% TTM on oil, capacity, and macro headwinds — Seth Klarman just added.

How the setup reads:

  • Growth is real: Q1 revenue +9.6% YoY to $2.33B, Q2 +6.1% — pricing power holding despite the weaker consumer narrative.
  • Margins are recovering: 15.9% operating margin, 0.23 Q1 EPS, but -11% FCF yield on heavy newbuild capex — the cash side is where the pain lives.
  • Valuation is where the value-vs-trap debate happens: 15x PE, 0.86x sales, 9.9x EV/EBITDA, 27% ROE — cheap on multiples, expensive on 6.2 D/E leverage.
  • Position is weak: 17th percentile 52w, 13.5% below 50-day, 16% below 200-day on 90% baseline volume — coiling but not yet basing.
  • Klarman's Q2 13F included NCLH alongside GPC/AMZN/GOOG — the specific tell that a hard-value investor sees the setup, cited across the sample.
  • Fleet news is positive: Oceania Sonata float-out, Great Stirrup Cay dedicated pier ending tender operations — capex is landing on schedule.

The Nov 4 print is the pivot — reiterated 2027 capacity CAGR plus specific fuel-hedge commentary keeps the Klarman-follower bid; another EPS miss plus 2027 guide-down drops to $14 support and the deleveraging thesis restarts.

Agrees with X sentimentAgree — the bullish frame (Klarman's Q2 13F add, Oceania Sonata float-out, Great Stirrup Cay upgrade, diversified quality operator worth accumulating) maps to real signals; the honest add is 6.2x debt-to-equity and -11% FCF yield are the counterweights the value sample skips.

What to watch: Nov 4 earnings — reiterated 2027 capacity CAGR plus specific fuel-hedge commentary keeps the Klarman-follower bid; another EPS miss plus 2027 guide-down drops to $14 support.

On the calendar: 2026-11-04 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment5 posts analyzed · as of 2026-08-17

Norwegian Cruise Line Holdings chatter is bullish - traders praise the Norwegian Veterans Welcome package and celebrate the Great Stirrup Cay upgrade (dedicated pier eliminating tendering to the island, plus a Great Tides water park). Seth Klarman's Q2 13F included NCLH among his new purchases (with GPC, AMZN, GOOG, FERG, CME, AXTA, PS). Bulls describe NCLH as a diversified quality operator worth owning at the right price via consistent cash-secured put selling. NCLH is grouped with CCL and RCL in the cruise recovery basket.

Read the AI verdict + X sentiment for $NCLH

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Operates Norwegian Cruise Line, Oceania, and Regent Seven Seas brands spanning mid-market to ultra-luxury cruise segments.

Industry overviewAI analysisGenerated by AI from underlying data

Where Travel Services sits in its cycle right now — and what that implies for $NCLH.

Travel Services · Consumer Cyclical

International leisure travel demand is outperforming domestic; RevPAR is holding but corporate travel bookings are more cautious. AI-driven pricing optimization is the technology differentiator for platform players.

What this means for $NCLH

Partial — consumer discretionary / retail performance tracks consumer spending trends; Norwegian Cruise Line Holdings Ltd.

Industry benchmark

8-name peer basket
+3.9%YTD
-4.2%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
15.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
8.4%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
15.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-11.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
0.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
27.0%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
43.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
6.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 30, 2026$0.48$0.41+16.6%
Q1 2026May 4, 2026$0.23$0.15+53.3%
Q4 2025Mar 2, 2026$0.28$0.26+5.8%
Q3 2025Nov 4, 2025$1.20$1.16+3.4%
Next earningsWed, Nov 4·consensus EPS $0.89

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.3B+9.6%40.9%10.0%$0.23$-625.2M
Q4 FY25$2.2B+6.4%41.0%8.3%$0.03$21.5M
Q3 FY25$2.9B+4.7%47.1%25.5%$0.93$-726.5M
Q2 FY25$2.5B+6.1%42.1%16.8%$0.07$381.2M

Forward consensus

5-year forecast · up to 19 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$10.1B$10.0B – $10.2B$1.62$1.45 – $1.7516
FY27$10.7B$10.3B – $10.9B$1.86$1.75 – $2.0219
FY28$11.4B$11.1B – $11.9B$2.28$2.07 – $2.6112
FY29$12.2B$11.8B – $12.7B$3.11$2.98 – $3.2611
FY30$12.9B$12.5B – $13.4B$3.19$3.06 – $3.356

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.17%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-13.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-16.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 455.3M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.9% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.905-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyMay 22John ChidseyCEO153.0K sh$2.5MBuyMay 20Jonathan Z CohenDirector30.0K sh$475KBuyMay 19Jose E. CilDirector10.0K sh$149KBuyMay 18Jose E. CilDirector5.0K sh$76KBuyMay 11Brian P MacdonaldDirector15.0K sh$248KBuyMay 7Lansberry Kevin AllenDirector11.4K sh$197KBuyMay 7Zillah Byng-thorneDirector29.5K sh$521K
+ 12 other (12 awards) in window

See when $NCLH insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-K/AShareholder vote (amended)Aug 128-K/A — Item 5.07: Shareholder vote
AI summary

Norwegian Cruise Line Holdings Ltd. (NCLH) filed an 8-K/A amendment on August 12, 2026, to a prior 8-K originally dated June 11, 2026, which covered the results of a shareholder vote at the company's annual or special meeting (Item 5.07 — Submission of Matters to a Vote of Security Holders). The amendment was filed to provide or correct voting detail information related to that meeting. NCLH is a Bermuda-incorporated, Miami-based cruise company listed on the NYSE. The specific matters voted upon and the vote tallies are disclosed in the amended filing rather than the excerpt available here. Amendments to shareholder vote disclosures are generally procedural corrections and carry limited market significance unless they reveal a failed vote on a material matter such as executive compensation or a significant governance proposal.

8-KOfficer or director changeJun 168-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Norwegian Cruise Line Holdings Ltd. (NCLH) reported shareholder approval at its June 11, 2026 Annual Meeting of the amended and restated 2013 Performance Incentive Plan, which increases the authorized share pool by 8,807,000 shares (to 56,816,006 total) and extends the plan expiration to February 8, 2036. Full Annual Meeting vote results were also reported under Item 5.07. The 8.8M-share pool increase represents modest additional dilution potential; routine equity compensation plan renewal for a large-cap cruise operator.

3New insider — initial holdingsApr 93
AI summary

Brian P. MacDonald, newly appointed director of Norwegian Cruise Line Holdings Ltd. (NCLH), filed an initial Form 3 as of March 31, 2026. Table I/II data is cut off before share counts are visible. Routine Section 16(a) filing for one of the four directors added pursuant to NCLH's Elliott Cooperation Agreement; non-material.

3New insider — initial holdingsApr 93
AI summary

Alex Cruz, newly appointed director of Norwegian Cruise Line Holdings Ltd. (NCLH), filed an initial Form 3 as of March 31, 2026, disclosing direct beneficial ownership of 12,745 shares of common stock. Cruz is one of four directors added under NCLH's March 26, 2026 Cooperation Agreement with Elliott Investment Management. Administrative initial ownership disclosure; non-material in isolation.

3New insider — initial holdingsApr 93
AI summary

Stephen G. Pagliuca, newly appointed director of Norwegian Cruise Line Holdings Ltd. (NCLH), filed an initial Form 3 as of March 31, 2026. Table I/II data is cut off before share counts are visible. Routine Section 16(a) initial ownership disclosure for a new NCLH board member added under the Elliott Cooperation Agreement; non-material.

3New insider — initial holdingsApr 93
AI summary

Kevin Allen Lansberry, newly appointed director of Norwegian Cruise Line Holdings Ltd. (NCLH), filed an initial Form 3 as of March 31, 2026. Table I/II data is cut off before specific share counts are shown. Routine Section 16(a) initial disclosure for an Elliott-designated NCLH director; non-material.

3New insider — initial holdingsApr 93
AI summary

Jonathan Z. Cohen, newly appointed director of Norwegian Cruise Line Holdings Ltd. (NCLH), filed an initial Form 3 as of March 31, 2026. Table I/II data is cut off before share counts are shown. Routine Section 16(a) initial disclosure for one of the four directors added under the Elliott Cooperation Agreement; non-material.

8-KMaterial agreementMar 278-K — Item 1.01: Material agreement · Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD
AI summary

Norwegian Cruise Line Holdings Ltd. (NCLH) entered into a Cooperation Agreement with Elliott Investment Management L.P. and affiliates on March 26, 2026, providing for appointment of four new directors (Jonathan Cohen, Alex Cruz, Brian MacDonald, Kevin Lansberry) effective March 31, 2026, plus John W. Chidsey as Board Chairman and Alex Cruz as Lead Independent Director. Elliott secured rights to nominate three directors at the 2026 Annual Meeting and identify one additional mutually agreeable independent director by September 30, 2026; replacement provisions apply if any Elliott nominee departs before the 2027 annual meeting. Board committees were also reconstituted to provide new directors proportionate representation. This is a highly material activist governance event reshaping NCLH's board leadership under Elliott's influence.

+ 17 other (4 13Gs · 3 proxys · 2 S-8s · 2 10-Qs) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Oceania Cruises® Floats Out Oceania Sonata™, Marking Major Construction Milestone for First Ship in New Sonata Classprnewswire.com·4d agoOceania Cruises® Elevates Onboard Enrichment Across the Fleetprnewswire.com·5d agoCan NCLH's 2.5% Capacity CAGR Support a Free-Cash-Flow Inflection?zacks.com·10d agoA Hedge‑Fund Stampede Into This Deep-Value Stock Could Mark the Start of a Steep Rebound247wallst.com·10d agoNorwegian Cruise Line Drops 5%, Carnival Falls 4%, Royal Caribbean Slips 3% as Oil Climbs247wallst.com·11d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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