1 week ago
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) shares are trading higher Tuesday after activist investor Elliot Investment Management has reportedly built a stake of more than 10% in the company.
- Norwegian stock is charging ahead with explosive momentum. Why is NCLH stock surging?
Elliott Emerges As Top Shareholder, Signals Turnaround Push
According to the Wall Street Journal, Elliott, which manages more than $79 billion in assets, is expected to engage with Norwegian's leadership to address operational and financial under-performance.
Norwegian, the world's fourth-largest cruise operator by passenger volume, has a market value of roughly $10 billion. Shares are down about 4% year to date and fell roughly 13% in 2025. Competitors Royal Caribbean Group (NYSE:RCL) and Carnival Corp. (NYSE:CCL) have outpaced Norwegian in operational performance and stock returns.
The investment makes Elliott one of Norwegian's largest shareholders.
The report said Elliott sees potential upside in ...
