Penn Capital Management Company LLC Has $1.18 Million Stock Position in Norwegian Cruise Line Holdings Ltd. $NCLH

Key Points

• Penn Capital Management sharply cut its Norwegian Cruise Line stake by 91.2% in the fourth quarter, leaving it with 51,749 shares valued at about $1.18 million.
• Despite mixed views from analysts and concerns about leverage, insider buying has been notable, including CEO John Chidsey’s purchase of 153,000 shares for roughly $2.5 million.
• Norwegian Cruise Line reported better-than-expected earnings for the latest quarter and issued 2026 guidance, while also benefiting from catalysts such as a new waterpark opening and an extended Port of Seattle agreement through 2035.

Penn Capital Management Company LLC reduced its holdings in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH - Free Report) by 91.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,749 shares of the company's stock after selling 536,013 shares during the quarter. Penn Capital Management Company LLC's holdings in Norwegian Cruise Line were worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. TimesSquare Capital Management LLC grew its holdings in shares of Norwegian Cruise Line by 5.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,068,797 shares of the company's stock valued at $46,176,000 after buying an additional 97,825 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Norwegian Cruise Line by 341.3% during the third quarter. Citigroup Inc. now owns 2,119,090 shares of the company's stock valued at $52,193,000 after buying an additional 1,638,889 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Norwegian Cruise Line by 23.3% during the third quarter. New York State Common Retirement Fund now owns 593,189 shares of the company's stock valued at $14,610,000 after buying an additional 111,982 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Norwegian Cruise Line by 1,411.6% during the third quarter. WINTON GROUP Ltd now owns 363,090 shares of the company's stock valued at $8,943,000 after buying an additional 339,070 shares during the last quarter. Finally, Channing Capital Management LLC acquired a new position in shares of Norwegian Cruise Line during the third quarter valued at about $8,592,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Key Norwegian Cruise Line News

Here are the key news stories impacting Norwegian Cruise Line this week:

• Positive Sentiment: CEO John Chidsey bought 153,000 shares worth about $2.5 million, a large insider purchase that often signals confidence in the company’s outlook and can support the stock. Insider Buying: Norwegian Cruise Line NYSE: NCLH CEO Purchases 153,000 Shares of Stock
• Positive Sentiment: Norwegian Cruise Line announced a Sept. 4, 2026 opening date for its Great Tides Waterpark and said it will begin day-pass sales, adding a new growth/guest-experience catalyst tied to its private island business. NORWEGIAN CRUISE LINE® REVEALS GRAND OPENING DATE FOR GREAT TIDES WATERPARK AHEAD OF LAUNCHING DAY PASS SALES
• Positive Sentiment: Seattle approved an amended long-term lease with Norwegian Cruise Line Holdings, and the Port of Seattle extended the cruise agreement through 2035, improving route and port visibility for the company. Port of Seattle Extends NCLH Cruise Agreement Through 2035
• Positive Sentiment: The cruise sector got a lift from lower oil prices after reports of progress on U.S.-Iran peace talks, which can ease fuel-cost pressure for cruise operators like NCLH. Norwegian Cruise Line and Delta Shares Skyrocket, What You Need To Know
• Neutral Sentiment: Recent earnings were mixed overall: Norwegian Cruise Line beat EPS expectations but revenue came in slightly below forecasts, while management also provided FY 2026 guidance that implies continued growth but not a blowout outlook.
• Negative Sentiment: Analysts have been trimming price targets in recent weeks, reflecting concerns about demand and margins, and the consensus rating remains only “Hold.”
• Negative Sentiment: The company still carries high leverage and weak liquidity metrics, which may keep some investors cautious even after the recent rebound.

Insider Activity

In other Norwegian Cruise Line news, Director Zillah Byng-Thorne purchased 4,452 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $17.83 per share, with a total value of $79,379.16. Following the completion of the transaction, the director directly owned 25,742 shares in the company, valued at approximately $458,979.86. This trade represents a 20.91% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Chidsey purchased 153,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $16.37 per share, for a total transaction of $2,504,610.00. Following the transaction, the chief executive officer owned 1,139,940 shares of the company's stock, valued at approximately $18,660,817.80. This trade represents a 15.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 212,467 shares of company stock valued at $3,500,904 over the last quarter. Company insiders own 0.41% of the company's stock.

Norwegian Cruise Line Stock Performance

Shares of NCLH stock opened at $18.18 on Thursday. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.09 and a beta of 1.92. The company has a debt-to-equity ratio of 5.75, a quick ratio of 0.18 and a current ratio of 0.21. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.53 and a 52 week high of $27.18. The firm's 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $20.30.

Norwegian Cruise Line (NYSE:NCLH - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Norwegian Cruise Line had a net margin of 5.66% and a return on equity of 47.84%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company's revenue for the quarter was up 9.6% on a year-over-year basis. Norwegian Cruise Line has set its Q2 2026 guidance at 0.380-0.380 EPS and its FY 2026 guidance at 1.450-1.790 EPS. As a group, equities analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Susquehanna reduced their price objective on shares of Norwegian Cruise Line from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, May 5th. Wolfe Research restated an "outperform" rating and set a $25.00 price target on shares of Norwegian Cruise Line in a report on Tuesday, March 3rd. Bank of America cut their price target on shares of Norwegian Cruise Line from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Finally, Mizuho cut their price target on shares of Norwegian Cruise Line from $27.00 to $24.00 and set an "outperform" rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.06.

Norwegian Cruise Line 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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