Eminence Capital LP Invests $27.04 Million in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Eminence Capital LP opened a new position in Norwegian Cruise Line, buying 1,097,841 shares valued at approximately $27.04 million, equal to about 0.24% of the company.
• Norwegian Cruise Line trades with a market cap near $8.6 billion and a P/E of ~21.7 but shows high leverage (debt-to-equity ~6.21) and low liquidity (current ratio ~0.21), suggesting elevated financial risk.
• The company modestly beat EPS expectations ($0.28 vs. $0.27) while missing revenue estimates, issued FY2026 EPS guidance of 2.38, and carries a consensus analyst rating of "Moderate Buy" with a $25.55 price target after several recent cuts.

Eminence Capital LP purchased a new position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,097,841 shares of the company's stock, valued at approximately $27,040,000. Eminence Capital LP owned 0.24% of Norwegian Cruise Line at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new stake in Norwegian Cruise Line in the second quarter valued at $26,000. Laurel Wealth Advisors LLC raised its stake in shares of Norwegian Cruise Line by 1,928.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,028 shares of the company's stock worth $41,000 after buying an additional 1,928 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Norwegian Cruise Line by 81.9% in the 3rd quarter. Westside Investment Management Inc. now owns 2,004 shares of the company's stock worth $49,000 after buying an additional 902 shares in the last quarter. SouthState Bank Corp boosted its position in shares of Norwegian Cruise Line by 74.5% in the 3rd quarter. SouthState Bank Corp now owns 2,201 shares of the company's stock worth $54,000 after buying an additional 940 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Norwegian Cruise Line in the 3rd quarter valued at about $55,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Norwegian Cruise Line Price Performance

NYSE:NCLH opened at $18.87 on Friday. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. Norwegian Cruise Line Holdings Ltd. has a 12-month low of $14.21 and a 12-month high of $27.18. The company has a current ratio of 0.21, a quick ratio of 0.18 and a debt-to-equity ratio of 6.21. The company's 50-day moving average is $22.40 and its two-hundred day moving average is $22.32.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.34 billion. Norwegian Cruise Line had a net margin of 4.31% and a return on equity of 50.05%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. Norwegian Cruise Line has set its Q1 2026 guidance at 0.160-0.160 EPS and its FY 2026 guidance at 2.380-2.380 EPS. Research analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on NCLH shares. Morgan Stanley cut their target price on shares of Norwegian Cruise Line from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 4th. Mizuho lowered their price target on shares of Norwegian Cruise Line from $32.00 to $28.00 and set an "outperform" rating on the stock in a research report on Monday, March 2nd. Susquehanna dropped their price objective on shares of Norwegian Cruise Line from $21.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. cut their price objective on Norwegian Cruise Line from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, March 3rd. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.55.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd. NYSE: NCLH is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.

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