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No insider purchase over the last 90 days. The latest was filed 26 May 2026.
Norwegian Cruise Line Holdings Ltd.: what insiders have been doing
Norwegian Cruise Line Holdings Ltd., classified in the Retail sector, is a listed company based in Miami-Dade County, United States, founded in 2011. Its insiders report their share dealings to SEC (Form 4). Between 18 October 2025 and 18 October 2026, 20 insiders published 38 filings.
Open-market activity splits into 9 purchases totalling €4.1M and 1 sale totalling €94k; 9 insiders sit on the buying side and 1 insider on the selling side. Netting one side against the other leaves €4.0M of net buying. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The largest single trade was a purchase of €2.2M by Chidsey John, published on 26 May 2026, equal to 0.030% of the market capitalisation. Among those who bought: 6 senior executives, 2 chief executives and 1 finance chief.
Across the 5,816 companies tracked on its exchange, the median is 19 filings; at 38 filings, this issuer sits above that mark. Since 2016, the database holds 13 purchases and 22 sales by insiders of the company. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported revenue of 9.83 bn USD and net income of 423.2 m USD.
The data flag 8 purchases as part of a group of insiders buying within 30 days of each other. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The clock since the last published purchase (26 May 2026) now reads 144 days. The median gap between a trade and its publication by SEC (Form 4) is 4 days. The legal deadline for a Form 4 is two business days after the transaction.
In the same sector, recent insider purchases at GameStop Corp. and Dick's Sporting Goods, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
172
Thresholds
n/a
Buy Volume
€5M
13 ops. · all time
Sell Volume
€19M
22 ops. · all time
Who traded when
BuySaleFaye L. Ashby2 sales
Harry Sommer1 buy1 sale
Mark Kempa1 buy1 sale
Zillah Byng-Thorne2 buys
Andrea DeMarco1 sale
Daniel S. Farkas1 sale
+6 other insiders
Since the insiders bought
- -15.2%Entry US$18.15 · Close 15 Oct 2026 US$15.39
- -5.6%Entry US$16.30 · Close 15 Oct 2026 US$15.39
- +30.7%Entry US$18.33 · Close at T+90 US$23.96
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Norwegian Cruise Line Holdings Ltd. Buy (bullish), based on 25 analysts. Average price target: US$20.52.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 11,320 of 24,148 companies
53.2
score / 100
Value51
Quality55
FCF yld-18%
Earn yld6.5%
EV/EBITDA8.3x
ROE37%
Gross mgn43%
Net mgn4.3%
Debt/EBITDA5.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$14.24
Analyst consensus
25 analystsBuy
US$15.00Target US$20.52(+44%)US$32.00
Income statement
RevenueUS$9.8B
Gross profitUS$4.2B43% margin
EBITDAUS$2.5B26% margin
Net incomeUS$423.2M7.5% margin
Valuation
PER (trailing)8.6x
PER (forward)8.4x
P/Book2.5x
Beta1.88
Balance sheet & cash
Market capUS$6.5B
Total debtUS$14.6B
Free Cash Flow-US$1.2B
Debt / Equity621%
Profitability & ownership
ROE36.7%
ROA4.3%
% insiders0.5%
% institutions104.5%
Last declaration on 26 May 2026
Declarations172 total
153,000 shares@ US$16.370.030% mcap100.0% of flowCommon StockSEC:0001104659-26-066326:0
Canonical exit: 20 Aug 2026 (T+90)
30,000 shares@ US$15.830.0057% mcap100.0% of flowCommon StockSEC:0001104659-26-065152:0
Canonical exit: 18 Aug 2026 (T+90)
8,912 shares0Common StockSEC:0001104659-26-043197:0
8,912 shares0Common StockSEC:0001104659-26-043194:0
8,912 shares0Common StockSEC:0001104659-26-043187:0
8,912 shares0Common StockSEC:0001104659-26-043190:0
967,254 shares0Common StockSEC:0001104659-26-036211:0
44,887 shares@ US$20.0518.2% of flowCommon StockSEC:0001104659-26-025863:0
54,862 shares@ US$20.0557.2% of flowCommon StockSEC:0001104659-26-025855:0
54,862 shares@ US$20.0530.4% of flowCommon StockSEC:0001104659-26-025852:0
29,925 shares@ US$20.0521.8% of flowCommon StockSEC:0001104659-26-025860:0
54,862 shares@ US$20.05100.0% of flowCommon StockSEC:0001104659-26-025858:0
47,880 shares@ US$20.0518.9% of flowCommon StockSEC:0001104659-26-025850:0
46,074 shares@ US$24.7922.1% of flowCommon StockSEC:0001104659-26-022876:0
8,664 shares@ US$24.794.3% of flowCommon StockSEC:0001104659-26-022869:0
3,469 shares@ US$24.793.1% of flowCommon StockSEC:0001104659-26-022862:0
4,313 shares@ US$24.792.9% of flowCommon StockSEC:0001104659-26-022872:0
29,607 shares@ US$24.7937.6% of flowCommon StockSEC:0001104659-26-022866:0
132,100 shares0Common StockSEC:0001104659-26-019677:0
132,100 shares0Common StockSEC:0001104659-26-019670:0
90,252 shares0Common StockSEC:0001104659-26-019675:0
13,169 shares0Common StockSEC:0001104659-26-001321:0
8,779 shares0Common StockSEC:0001104659-26-001319:0
8,779 shares0Common StockSEC:0001104659-26-001309:0
25 of 172 declarations
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is one of the most prominent cruise operators listed in the United States, with headquarters in Miami, Florida. The group runs three distinct brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. For French-speaking investors in Europe, NCLH represents a global leisure-travel company with exposure to consumer discretionary spending, travel recovery, and the premiumization of vacation demand.
The company’s roots go back to 1966, when Norwegian Caribbean Lines was founded by a Norwegian shipping company. Over time, the business evolved from a regional cruise line into a diversified international cruise group, broadening its reach beyond mass-market cruising to include premium and luxury segments. That multi-brand structure is central to its investment case: Norwegian Cruise Line is positioned for a broader consumer audience with a flexible onboard experience, Oceania serves the premium traveler, and Regent Seven Seas operates in the ultra-luxury category.
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Operationally, NCLH offers cruises across a global network of destinations and communicates service to roughly 700 destinations worldwide. The company also highlights a meaningful newbuild pipeline, which supports medium- to long-term capacity growth visibility. In addition, it is investing in destination and port infrastructure, including developments around Great Stirrup Cay in the Bahamas, reinforcing the end-to-end vacation ecosystem across its brands.
From a competitive standpoint, NCLH is not the largest cruise group in the market, but it benefits from a differentiated brand portfolio, a recognized consumer franchise, and a strong international footprint. Its business is especially exposed to North America, the Caribbean, Europe, and longer-haul itineraries, with demand influenced by onboard experience, itinerary quality, pricing discipline, and product innovation.
Recent developments remain important for the investment narrative. In 2026, the company continued to emphasize growth and fleet expansion, including new ship deliveries and strategic initiatives tied to product, performance, and destination enhancement. The group also reported first-quarter 2026 results in early May 2026, underscoring continued operational execution. NCLH is listed on the NYSE in the United States, making it a key publicly traded name in the global cruise and travel sector.
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