BUZZ-Norwegian Cruise Line jumps after report activist Elliott built 10% stake
Norwegian Cruise Line Holdings Ltd. NCLH | 21.09 21.05 | +4.10% -0.20% Pre |
** Shares of cruise operator Norwegian Cruise Line Holdings NCLH.N rise 8.8% to $23.4 premarket
** WSJ reported on Monday that activist investor Elliott built more than a 10% stake in NCLH and plans to push for changes
** Elliott aims to improve both the company's financial performance and guest experience and has approached a former Royal Caribbean executive as a potential board nominee - report
** NCLH previously said it expects Q4 profit, due to be released later this month, below expectations
** Fourteen of 25 analysts covering the stock rate it "buy" or higher, rest "hold"; median price target is $27
** As of last close, NCLH down more than 3.7% YTD
