Elliott Investment Management invests $246,578,200 in NCLH
Norwegian Cruise Line Holdings has been added to billionaire Paul Singer’s portfolio with an investment of $246,578,200.
The company’s stock trades at roughly 9x EV/EBITDA and less than 10x forward earnings, compared to peers with higher valuations.
The cruise demand remains strong, with bookings holding up well and occupancy expected to exceed 104% in 2026.
Capital spending is expected to decline significantly after 2027, potentially allowing NCLH to direct nearly $1 billion annually toward debt reduction.