00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elliott Investment Management has built a more than 10% stake in Norwegian Cruise Line
00:07and plans to push for changes to address the cruise operator's underperformance,
00:11according to the New York Times. Norwegian, the fourth-largest cruise operator by passengers,
00:16with a market value of roughly $10 billion, has lagged Royal Caribbean and Carnival.
00:22Shares are down around 4% year-to-date and fell roughly 13% in 2025.
00:27The company shares rank among the worst performers in the S&P 500 over the past five years
00:33and remain near COVID-era levels even as consumer demand has recovered.
00:37Elliott is working with former Royal Caribbean executive Adam Goldstein
00:41as a potential board nominee ahead of next month's director nomination deadline.
00:45For all things money, visit Benzinga.com.
Comments