US EditionActivist Elliott Builds over 10% Stake in Norwegian Cruise Line, WSJ Reports
Elliott targets Norwegian Cruise Line for board and operational changes after underperforming rivals with a 6.85% profit margin versus Royal Caribbean’s 23.8%, aiming to boost shareholder value.
- On Monday, Elliott Investment Management disclosed a stake exceeding 10% in Norwegian Cruise Line Holdings and is pressing for a board and management overhaul.
- Analysts point to poor returns and operational weaknesses, noting Norwegian Cruise Line declined 9.68% over five years while peers surged and it posts weak profitability metrics.
- Elliott highlights upside from the current $22.76 share price to $56, or 159% higher, with shares up about 6% in premarket trading.
- The new stake immediately reshapes ownership, as Elliott, now a top investor, says it is prepared to take the case to shareholders, while Norwegian states it is committed to long-term value creation led by CEO John Chidsey.
- Weeks after the CEO appointment on February 12, 2026, Elliott highlights strategic missteps including a failed private island strategy at Great Stirrup Cay and notes Royal Caribbean projects strong demand.
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Struggling cruise line faces turnaround effort as activist investor reveals 10% stake
Activist investor Elliott Investment Management on Tuesday revealed it has built up a more than 10% stake in Norwegian Cruise Line and plans to launch a turnaround effort at the struggling ship operator.
Activist Elliott builds over 10% stake in Norwegian Cruise Line
ACTIVIST investor Elliott has built a more than 10-percent stake in Norwegian Cruise Line and plans to push for changes within the cruise operator, the Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter.
Billionaire Activist Elliott Just Put Norwegian Cruise Line in Its Crosshairs
Quick Read Elliott Investment Management disclosed a stake exceeding 10% in Norwegian Cruise Line (NCLH) and demands board overhaul. Norwegian Cruise Line declined 9.68% over five years while Royal Caribbean surged 335.85% and Carnival gained 41.66%. Norwegian Cruise Line’s 6.85% profit margin trails Royal Caribbean’s 23.8% and Carnival’s 10.4%. Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial adv…
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