NCLH Norwegian Cruise Line Holdings Ltd.

bearish · high conviction track record → $19.33 -0.93 (-4.6%)
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Mkt Cap $10B P/E 22.9 fwd 8.3 52wk $15.31 - $27.18 Earnings 2026-04-30 8d ago
Insider selling: $7,359,695 sold by 22 insiders (30d)
Factor divergence: DIVERGENCE: insider_activity bullish vs estimate_revisions, analyst_revisions bearish
Est. revisions: -6.3%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net -1.5)

Factor Model

net -1.5 3.5 / 10
Est. Revisions
-0.4
Insider Activity
+0.5
Momentum
+0.0
Analyst Rev.
-1.0
Narrative Gap
+0.0

Norwegian Cruise shares slide 16.1% on weak guidance

Watch: Watch Q1 earnings for booking trends and fuel hedging details to assess NCLH's ability to offset rising costs and stabilize demand.

NCLH shares fell 16.1% in Q1 2026 after weak guidance and geopolitical tensions in the Middle East shook investor confidence. The company announced CEO Harry Sommer's departure, naming John Chidsey as the new CEO amid activist Elliott Management's 10% stake acquisition. Rising energy costs pressure cruise stocks broadly, with NCLH down 3% premarket on fuel price-driven input cost concerns.

Weak guidance and leadership change amid external pressures raise doubt about NCLH's ability to navigate margin compression and demand fragility, challenging its recovery and valuation near a 52-week low.

Our Trades

Full track record →
+33.7%

Long Call · The Veteran

7d held
2026-04-14
+11.8%

Long Call · Risk Manager

3d held
2026-04-11
+24.1%

Long Call · Risk Manager

3d held
2026-04-10

Evidence

1d ago Stifel main NCLH: Buy → Buy
1d ago Stocks making the biggest moves premarket: American Airlines, Marvell Technology, Strategy & more cnbc-finance
4d ago Tigress Financial main NCLH: Strong Buy → Strong Buy
6d ago Wells Fargo main NCLH: Overweight → Overweight
8d ago UBS main NCLH: Neutral → Neutral
8d ago Insider buy by CIL JOSE E (NCLH): $327,500
8d ago Insider buy by BYNG-THORNE ZILLAH (NCLH): $220,440
8d ago Insider buy by BYNG-THORNE ZILLAH (NCLH): $197,060
7 older signals
8d ago Insider buy by BYNG-THORNE ZILLAH (NCLH): $525,335
8d ago Insider buy by KEMPA MARK A. (NCLH): $197,051
8d ago Insider buy by DAVID STELLA JULIE (NCLH): $129,870
8d ago Insider buy by SOMMER HARRY J (NCLH): $462,932
8d ago Insider buy by MONTAGUE JASON M (NCLH): $252,020
8d ago Insider buy by CURTIS HARRY C (NCLH): $96,250
8d ago Insider buy by DAHLGREN PATRIK (NCLH): $99,578
Fundamentals & Data ▾
Norwegian Cruise Line Holdings Ltd. Consumer Cyclical · Travel Services
Mkt Cap
$10B
P/E
22.9 fwd 8.3
Beta
2.11
52w Range
$15.31 - $27.18
Short Interest
53.4M 15.31%
Days to Cover
2.2 +52%
Technicals downtrend
from 52w Hi
-8.5%
1w return
-8.3%
Insiders
mixed 1B / 1S
Analysts
mixed
EPS Estimate
$0.15 -6.3% 30d 0up / 7dn
Est. Dispersion
41% 19 analysts
Analyst Target
$25 $18 - $38
Options P/C
0.63
Insider Cluster
strong buy 8B / 5S (officer)
Fund Convergence
strong Citadel, Two Sigma, D.E. Shaw
Financials
Revenue
$2.2B +6% YoY
FCF
$21M
Gross Margin
41%
Op Margin
8%
Momentum: decelerating
Top Holders
Citadel $242M
Two Sigma $23M
D.E. Shaw
Recent Filings & Data
insider trade 61
net selling · $7,359,695 sold · $2,508,036 bought
22 insiders · 61 transactions (30d)
Recent transactions
FARKAS DANIELS S. · sell · $542,760
CHIDSEY JOHN W · award
FARKAS DANIELS S. · award · $899,984
KAZLAUSKAS MARC · award · $1,099,983
MONTAGUE JASON M · award · $1,099,983
ASHBY FAYE L · award · $599,996
KEMPA MARK A. · award · $959,994
DAHLGREN PATRIK · award · $1,099,983
FARKAS DANIELS S. · award
KEMPA MARK A. · award
DAHLGREN PATRIK · award
CHIDSEY JOHN W · award
JOJO LINDA P · award
CIL JOSE E · award
ABRAMS DAVID M. · award
DAVID STELLA JULIE · award
LANDRY MARY E. · award
CURTIS HARRY C · award
BYNG-THORNE ZILLAH · award
ASHBY FAYE L · sell · $110,250
DAHLGREN PATRIK · buy · $99,578
CURTIS HARRY C · buy · $96,250
MONTAGUE JASON M · buy · $252,020
SOMMER HARRY J · buy · $462,932
DAVID STELLA JULIE · buy · $129,870
KEMPA MARK A. · buy · $197,051
BYNG-THORNE ZILLAH · buy · $525,335
JOJO LINDA P · award
FARKAS DANIELS S. · award
MONTAGUE JASON M · award
ASHBY FAYE L · award
SOMMER HARRY J · award
KEMPA MARK A. · award
HERRERA DAVID J · award
DAHLGREN PATRIK · award
CHIDSEY JOHN W · award
CIL JOSE E · award
ABRAMS DAVID M. · award
DAVID STELLA JULIE · award
LANDRY MARY E. · award
CURTIS HARRY C · award
BYNG-THORNE ZILLAH · award
FARKAS DANIELS S. · award
SOMMER HARRY J · award
KEMPA MARK A. · award
ASHBY FAYE L · sell · $1,046,699
KEMPA MARK A. · sell · $417,918
DEMARCO ANDREA · sell · $805,057
FARKAS DANIELS S. · sell · $1,157,479
SOMMER HARRY J · sell · $2,466,560
BYNG-THORNE ZILLAH · buy · $197,060
BYNG-THORNE ZILLAH · buy · $220,440
CIL JOSE E · buy · $327,500
CRUZ ALEX · award
LANSBERRY KEVIN ALLEN · award
PAGLIUCA STEPHEN G · award
COHEN JONATHAN Z · award
MACDONALD BRIAN P · award
SOMMER HARRY J · sell · $452,358
ASHBY FAYE L · other
ASHBY FAYE L · sell · $360,614
ae trade 3
15 signals · latest 1d ago

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