NORWEGIAN CRUISE LINE HOLDINGS LTD.
At today's price, NORWEGIAN CRUISE LINE HOLDINGS LTD. (NCLH) is priced for -0.4% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Norwegian Cruise Line Holdings is a leveraged cyclical, and the standard ratios understate two things: the cash collected before a voyage ever sails, and the value of a young fleet that does not show up in an earnings multiple. At $20.48 (as of June 27, 2026) the price pays about 15x company-wide operating income, which implies only about 1% operating growth per year, an undemanding bar. The most recent quarter beat on the top line, with revenue up 10% to $2.33 billion and adjusted EBITDA up 18
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619 institutional managers reported holding NCLH in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 50%. 90 opened new positions that quarter. Held by Vanguard Group, BlackRock, UBS, among others. On the short side, 83.3M shares were sold short as of the 2026-06-15 count, about 18% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NCLH's share count grew 23.4% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at NCLH over the trailing three years: 2024: 3 buys totaling $745k; 2025: 7 buys totaling $1.76M; 2026: 3 buys totaling $27.97M. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NCLH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | -15.5% | -12.5% |
| 2023-11-09 | -3.9% | +37.2% |
| 2024-02-29 | +17.4% | -17.7% |
| 2024-05-08 | -15.7% | +16.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NCLH's latest 8-K filings: 2026-06-16 (items 5.02, 5.07, 9.01); 2026-05-29 (items 8.01); 2026-05-04 (items 2.02, 9.01); 2026-03-27 (items 1.01, 5.02, 7.01, 9.01); 2026-03-27 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.